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Strategies for Professional Growth · End Term · 13 Sept 2026 · May 2026 term · Set 1

Question 9: [Fiscal and Economic Sense] Which of the following statem…

Question 9

+1 markOne correct option

[Fiscal and Economic Sense] Which of the following statements correctly describes opportunity cost?
1. It is the value of the next best alternative forgone. 2. It measures only the direct monetary costs. Select the correct option:

  1. A

    1 only

  2. B

    2 only

  3. C

    Both 1 and 2

  4. D

    Neither 1 nor 2

Show answer

Correct answer

  • A

    1 only

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Question 9 of 24 in the IIT Madras BS Strategies for Professional Growth (SPG) End Term paper sat on 13 Sept 2026, in the May 2026 term (Strategies For Professional Growth 13 Sep 26). It carries 1 mark.

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