MATSEC AM Economics Practice Questions - Malta Advanced Matriculation (AM) Economics - AM 08 (2026) Exam

Opportunity cost is best defined as:

The money spent on a good or service The value of the next-best alternative forgone when a choice is made The total of all alternatives that could have been chosen The accounting cost recorded in a firm's books

Correct Answer:

The value of the next-best alternative forgone when a choice is made

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