Question

crash course economics #1 - scarcity
togo florez
multiple - choice question
which best fits the meaning of \opportunity cost\?
how much is costs to hire someone for work
the loss of potential money or benefits from choosing to do something rather than a better alternative
the loss of money from theft

Explanation:

Opportunity cost in economics refers to the value of the next - best alternative forgone when a decision is made. It is about the potential benefits that are lost when one option is chosen over another.

Answer:

The loss of potential money or benefits from choosing to do something rather than a better alternative