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Shari is trying to decide how she should use her cash birthday gifts. Her choices are new clothes, a concert ticket, or donating the money to her favorite charity. Shari decides to donate the money. The value given up by not choosing both the clothes and the concert ticket is called a _____ .

User Blasio
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2 Answers

4 votes
The answer is opportunity cost.
User Olaseni
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It is called a trade-off.
User Maasha
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