Question

All of the other options that are given up when a business makes one choice over another are called ____?

A. opportunity costs
B. trade offs
C. Limited resources
D. None of the above

The cost of an economic decision that is the most attractive option that is given up because one choice was made over another. What is this called?

A. opportunity costs
B. trade offs
C. Limited resources
D. None of the above

Are both of these opportunity costs? Can someone explain the difference! Thank you!