Define opportunity cost as the next best alternative given up when individuals, businesses, and governments confront scarcity by making choices.
Standard detail
SSEF1.d
Depth 2Parent ID: D5F021BF58D84F498B8D52AFFE5BDE97Standard set: Economics
Original statement
Quick facts
- Statement code
- SSEF1.d
- Standard ID
- 1805BA65376D4B6BB615D5D323F041E5
- ASN identifier
- S2765041
- Subject
- Social Studies (2016-)
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- D5F021BF58D84F498B8D52AFFE5BDE97363720CCE83B4742940D96BFB842E288
- Source document
- Social Studies Georgia Standards of Excellence - Economics (2016)
- License
- CC BY 3.0 US