What happens when individuals or nations choose one thing over another

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asked Aug 5, 2022 221k views

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Krvkir · Answer 1 · 2022-08-12T02:30:30+0000

Answer: An opportunity cost is what economists call the thing sacrificed when we choose one thing over another. When we opt to buy a bicycle rather than the snowboard, the snowboard is the opportunity cost of our decision.

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What happens when individuals or nations choose one thing over another

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