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In this scenario, Frankie must consider whether making one choice will force him to give up another.

Based on what you have read, which economic concept is Frankie faced with?

needs vs. wants

opportunity cost

risk and return

goal setting

The answer is Opportunity cost

Respuesta :

Erudite1
Based on the scenario above, the economic concept which Frakie is faced with is OPPORTUNITY COST. Opportunity cost refers to a benefit or value that a person could have received but which he gave up in order to take another course of action. Thus, an opportunity cost represents an alternative given up when a decision is made.

B. OPPORTUNITY COST !!!!!!!!!!!!!

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