O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2024 · Q21 Mark
What is opportunity cost?
Athe allocation of resources in an economy
Bthe cost to the individual when they consume a good
Cthe lack of goods and services available to satisfy unlimited wants
Dthe next best alternative forgone when making an economic decision
✓ Correct answer
D: the next best alternative forgone when making an economic decision
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