Refer to Figure 20.2. The opportunity cost of 1 ________ is 0.25 ________ in the United States and 0.67 ________ in England.

A) car; truck; truck
B) truck; car; car
C) car; car; truck
D) truck; truck; car

Opportunity Cost

The price paid for not selecting the alternative that is second-best when a choice is made.

Car

A vehicle on wheels intended for moving people, typically driven by either an internal combustion engine or an electric motor.

Truck

A large, heavy motor vehicle used for transporting goods, materials, or large numbers of people.