Question

multiple choice question if the terms of trade are the same as your ____ cost, you will receive no gains from the trade.
options:
opportunity
omarginal
ototal
oaverage

Explanation:

Gains from trade arise when the terms of trade are more favorable than the opportunity cost of producing a good. If the terms of trade equal the opportunity cost, there is no net benefit to be gained from trading, as the value received is exactly the value of what is given up.

Answer:

O opportunity