Answered

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?

Asupply and demand
Bopportunity cost
Ccomparative advantage
Deconomic freedom

Verified Answer :

tlawl
Bopportunity cost

The opportunity cost of a choice is the loss of the potential gains that other choices could have provided. When Katie uses her money to buy a car, she loses the benefits she could achieve by investing her money in, say, buying a camera and making movies.
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Answer:

B. Opportunity Cost

Explanation:

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