Select the answer that best describes opportunity cost:

Question 1 options:

What you give up as a result of choosing one option versus another; a trade-off.

The amount of money a business makes every year from sales.

The amount of money you put into savings every year.

What you gain as a result of choosing one option versus another; a benefit.

What you give up as a result of choosing one option versus another; a trade-off.

The answer that best describes opportunity cost is: What you give up as a result of choosing one option versus another; a trade-off.