Question

(_________) is the sacrifice involved in making one decision over another.

its for personal finance f

Answer 1

An opportunity cost is defined as the value of a forgone activity or alternative when another item or activity is chosen. Opportunity cost comes into play in any decision that involves a tradeoff between two or more options. It is expressed as the relative cost of one alternative in terms of the next-best alternative.

Answer 2

"Opportunity cost" goes in the blank

Explanation: When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice.