kayla9669 kayla9669

15-06-2024
Social Studies

Answered

Which of the following most closely relates to the idea of opportunity costs?

A. Capitalism
B. Technological change
C. Economic growth
D. Trade-offs

Answer :

GinnyAnswer GinnyAnswer

15-06-2024

Final answer:

Opportunity cost is the value of the best alternative forgone when making a choice, closely connected to trade-offs.

Explanation:

Opportunity cost is a fundamental concept in economics that refers to the value of the best alternative forgone when making a choice. It represents what must be sacrificed to pursue a certain option. Trade-offs are decisions where one benefit is given up to obtain another, closely related to opportunity costs.

Learn more about Opportunity cost in economics here:

https://brainly.com/question/33630246

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