Whenever people buy something, they incur an opportunity cost. Opportunity cost is the value of the next best alternative that is given up when a person makes a choice.
Standard detail
4.
Benchmark
Depth 1Parent ID: D11563AA7BFE470786C6933F166FCA0CStandard set: Grades K, 1, 2, 3, 4
Original statement
Quick facts
- Statement code
- 4.
- List ID
- 4.
- Standard ID
- 95BC8ED1066B4382B643840B8D2257C3
- ASN identifier
- S2604528
- Subject
- Financial Literacy
- Grades
- 01, 02, 03, 04, K
- Ancestor IDs
- D11563AA7BFE470786C6933F166FCA0C
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US