Flashcards for 2.2 Opportunity cost

Opportunity cost is the value of the next best alternative that is forgone when a decision is made to choose one option over another. It is the benefit you would have gained from the best alternative you did not choose.

MYP Individuals & Societies 2.2 Opportunity Cost Flashcards

MYP Individuals & Societies 2.2 Opportunity Cost Flashcards

Flashcards for

1 Social Groups and Human Interaction

2 Economic Decision-Making and Production

3 States, Empires and Development

4 Structures and Functions of Empires

5 Decline and Collapse of Empires

6 Population Change and Social Effects

7 Sustainable Use of Earth’s Resources

8 Human Impacts on Natural Environments

9 Urban Systems and Sustainable Management

10 Trade, Fairness and Global Exchange

11 Development and Standards of Living

12 Historical Perspectives and Changing Worldviews

MYP Individuals & Societies 2.2 Opportunity Cost Flashcards

MYP Individuals & Societies 2.2 Opportunity Cost Flashcards

1 Social Groups and Human Interaction

2 Economic Decision-Making and Production

3 States, Empires and Development

4 Structures and Functions of Empires

5 Decline and Collapse of Empires

6 Population Change and Social Effects

7 Sustainable Use of Earth’s Resources

8 Human Impacts on Natural Environments

9 Urban Systems and Sustainable Management

10 Trade, Fairness and Global Exchange

11 Development and Standards of Living

12 Historical Perspectives and Changing Worldviews

Flashcards for

Flashcards for 2.2 Opportunity cost - MYP