A higher opportunity cost implies a lower current value.

Name: A higher opportunity cost implies a lower current value.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Opportunity cost refers to the value of the next best alternative foregone when a particular choice is made. A higher opportunity cost means that the value of the next best alternative is high, and as a result, the current value will be reduced or lower. Therefore, the statement is true.

A Higher Opportunity Cost Implies a Lower Current Value