Question

incentives
a primary principle of economics is that huma to incentives. incentives are the rewards that e specific actions.
which of the following best describes opportunity cost?
the financial costs associated with a choicethe value of the next best option forgonethe total value of all other alternatives

Explanation:

Opportunity cost in economics is defined as the value of the next - best alternative that is forgone when a decision is made. It is not just the financial costs (which would be accounting cost), and not the total value of all alternatives (which is an over - broad concept), but specifically the value of the single next best option.

Answer:

the value of the next best option forgone