The cost of the choice you make is what you give up for it, is which of the ten key concepts to retain for a lifetime?
A)Facing trade-offs
B)Opportunity cost
C)Choosing a little more or a little less
D)The influence of incentives

Question

Quizplus · Accepted Answer

This question specifically asks for the concept that states "the cost of the choice you make is what you give up for it." This is the definition of opportunity cost, which is concept B. Therefore, the correct answer is B.

The Cost of the Choice You Make Is What You