Any time one has money, there is an opportunity cost that corresponds with the decision as to how one saves the money. a. True b. False
Added by Jordi J.
Close
Step 1
This is true because opportunity cost is the value of the next best alternative forgone. When you choose one savings method (e.g., a savings account), you are giving up the potential returns or benefits of other methods (e.g., investing in stocks). Show more…
Show all steps
Your feedback will help us improve your experience
Haricharan Gupta and 87 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
A good question to ask yourself when you are deciding if you should put money into savings or investments is "When will I need the money?" True or false.
Haricharan G.
In contrast with programming, which looks ahead several years, budgeting generally looks ahead only one year. Select one: a. True b. False
Jerelyn N.
Unlike the net present value, the payback period takes into account the time value of money. Select one: a. True b. False
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD