What is opportunity cost

Highest valued option forgone.

ML
Answered by Max L. Economics tutor

1666 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Evaluate one reason why trade may be beneficial for an economy (5 marks)


Explain the meaning of the term ‘externality’ and give an example of one that is negative.


What is the law of demand?


Why do price of exchange rates increase when interest rates increase? What does it mean that a currency is strong?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences