ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A ____ is a good thing that occurs as a result of something else.
A
benefit
B
choice
C
opportunity cost
D
need
Explanation: 

Detailed explanation-1: -perk. noun. a benefit or advantage that you get from a situation.

Detailed explanation-2: -Something that happens as a result of something else can be described as consequent. Rapidly melting snow often causes consequent flooding, for example.

Detailed explanation-3: -On this page you’ll find 14 synonyms, antonyms, and words related to good thing, such as: feature, importance, value, asset, attraction, and benefit.

Detailed explanation-4: -Mutualism, a relationship in which both species benefit, is common in nature. In microbiology, there are many examples of mutualistic bacteria in the gut that aid digestion in both humans and animals. Commensalism is a relationship between species in which one benefits and the other is unaffected.

There is 1 question to complete.