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- In economics, opportunity cost is the difference between the yield that funds and resources earn in one use and the yield they could have earned had they been placed in an alternative investment.
Question 1:
In economics, opportunity cost is the difference between the yield that funds and resources earn in one use and the yield they could have earned had they been placed in an alternative investment. Which of these factors has the most impact on opportunity cost?
A. Poverty
B. Unemployment
C. Scarcity
D. Consumer spending
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