Question

paying rent is a need, while buying a new video game is a want. if you buy a new video game, you cannot pay your cell phone bill. this is an example of. setting a short - term goal setting a long - term goal realizing opportunity cost

Explanation:

Opportunity cost is what you give up when choosing one option over another. Here, buying a video game means giving up paying the cell phone bill, which fits the concept of realizing opportunity cost. Setting short - or long - term goals involves planning for future achievements, not this trade - off situation.

Answer:

realizing opportunity cost