Which of the following represents the value of something we give up when gaining something else?
A.
Exchange
B.
Value
C.
Opportunity cost
D.
Interest
E.
Premium
Answer: opportunity cost
Which of the following represents the value of something we give up when gaining something else?
A.
Exchange
B.
Value
C.
Opportunity cost
D.
Interest
E.
Premium
Answer: opportunity cost