Whenever a choice is made:A) the cost of that choice is the opportunity cost.B) the cost is easy to measure in dollar terms.C) efficiency is improved.D) scarcity is not a problem.

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Jordan Ramirez · Accepted Answer

Final Answer : A, Explanation :  Whenever a choice is made, there are always alternatives that are foregone. The cost of choosing one option over another is measured by the opportunity cost, which is the value of the best alternative that had to be given up. This concept is essential to understanding the basic economic problem of scarcity. Therefore, the best choice is A.

Whenever a choice is made:

A) the cost of that choice is the opportunity cost.
B) the cost is easy to measure in dollar terms.
C) efficiency is improved.
D) scarcity is not a problem.

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