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Why is opportunity cost important to the economy

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Reference no: EM133240857 , Length: word count:2000

Research Paper Outline: Opportunity Cost Impact on the Economy
I. Introduction
1. What is opportunity cost?

Why is opportunity cost important to the economy?
II. Opportunity Cost versus Economic Cost
1. What are the differences?

How opportunity cost affects economic choices
III. Opportunity Cost and Decision Making
1. Real-life examples of opportunity cost

The importance of opportunity cost in decision making
IV. Conclusion

Reference no: EM133240857

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