The highest-value alternative that must be given up to engage in an activity is a. Trade-off...

The highest-value alternative that must be given up to engage in an activity is

a. Trade-off

b. Scarcity

c. Voluntary exchange

d. Opportunity cost

Solutions

Expert Solution

Ans (D)

Opportunity cost means bext best alternative, which means that we must sacrifice one thing in order to get another.

So according to the given statement that highest value alternative that must be given up in exchange is opportunity cost

Rahul Sunny answered 2 years ago

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