Question

One method for studying opportunity cost is to think in terms of

Answer 1

Here I have presented your question along with its options

One method for studying opportunity cost is to think in terms of

risk and benefit.

pros and cons.

cause and effect.

trial and error.

The answer for your question is option (A)-Risk and Benefit.

There must be a consideration on risk and benefits when an individual makes an economic decision. This is why an opportunity cost must measure the risk that to be taken against a benefit.