Which of the following most closely relates to the idea of opportunity costs?

A) trade-offs.
B) economic growth.
C) technological change.
D) capitalism.

Opportunity Costs

The cost of an alternative that must be forgone in order to pursue a certain action; the benefits you could have received by taking an alternative action.

Trade-offs

The concept that in order to gain something, something else must be given up, reflecting the opportunity cost of choices and decisions.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period, reflecting improvements in the standard of living.