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The following definition defines which term? what is given up by choosing something else A. opportunity cost B. payment factor C. scarcity D. consumer sovereignty
Opportunity cost is given up by choosing something else.
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Asked 3/2/2012 8:26:51 AM
Updated 11/24/2015 4:18:20 PM
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Opportunity cost is given up by choosing something else.
Added 11/24/2015 4:18:20 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [11/24/2015 6:02:05 PM]
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Questions asked by the same visitor
When demand exceeds the amount of resources, the result is called A. scarcity. B. demand. C. consumerism. D. opportunity cost.
Weegy: When demand exceeds the amount of resources, the result is called scarcity. User: Which factor of production refers in part to the experiences and knowledge of laborers? A. labor B. currency C. capital D. land (More)
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Updated 7/4/2016 9:08:06 PM
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Capital refers in part to the experiences and knowledge of laborers.
Added 7/4/2016 8:57:22 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [7/4/2016 9:08:09 PM]
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