which situation is the best example of opportunity cost?\na country chooses to produce bananas instead of…
which situation is the best example of opportunity cost?\na country chooses to produce bananas instead of wheat.\na country chooses to invest in manufacturing and agriculture.\na country chooses to specialize in producing paper products.\na country chooses to export all of its products.
Answer
Brief Explanations:
Opportunity cost is the value of the next - best alternative forgone. When a country chooses to produce bananas instead of wheat, it gives up the opportunity to produce wheat. The other options do not clearly show a single alternative being forgone.
Answer:
A. A country chooses to produce bananas instead of wheat.