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CDS II 2021
Question #113
Basic Economic Concepts
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Which one of the following is the opportunity cost of a chosen activity?
A
Out of pocket cost
B
Out of pocket cost plus cost incurred by the Government
C
Value of all opportuntiles forgone
D
Value of next best alternative that is given up
Pick an option above to test your answer
Reveal Answer ⌄
Subject:
Economy
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Q: Which one of the following is the opportunity cost of a chosen activity?... | CDS II 2021 PYQ | UPSCGPT