What is the economic concept that suggests that using money for one children's program comes at the price of the lost ability to use that money on another children's program that might be more effective?
A)Equilibrium
B)Supply and demand
C)Fixed cost
D)Opportunity cost

Question

Quizplus · Accepted Answer

The concept described is opportunity cost, which refers to the tradeoff of choosing one option over another and giving up the opportunity to benefit from the other option.

What Is the Economic Concept That Suggests That Using Money