Question

select the correct answer. katie considers the alternatives that will be lost if she decides to spend her savings on buying a car. what is the economic term for her thought process? a. supply and demand b. opportunity cost c. comparative advantage d. economic freedom

Explanation:

The economic term for considering the lost alternatives when making a choice is opportunity cost. Katie evaluates what she gives up by spending savings on a car, which aligns with this concept.

Answer:

B. opportunity cost