Another name for the term _____ is trade-off.A.valueB.down paymentC.opportunity costD.equitySUBMITarrow_backPREVIOUS
Question
Another name for the term _____ is trade-off.A.valueB.down paymentC.opportunity costD.equitySUBMITarrow_backPREVIOUS
Solution
The correct answer is C. opportunity cost. This term is also known as a trade-off in economics. It refers to the potential benefit an individual, investor, or business misses out on when choosing one alternative over another.
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