incentives\na primary principle of economics is that humans respond to incentives. incentives are the…

incentives\na primary principle of economics is that humans respond to incentives. incentives are the rewards that encourage specific actions.\nif a person chooses to buy a large truck instead of a small car, what is the opportunity cost of that purchase?\nthe large truck\nthe small car\nthe tax paid on the purchase

incentives\na primary principle of economics is that humans respond to incentives. incentives are the rewards that encourage specific actions.\nif a person chooses to buy a large truck instead of a small car, what is the opportunity cost of that purchase?\nthe large truck\nthe small car\nthe tax paid on the purchase

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. When a person chooses to buy a large truck instead of a small car, the small car is the alternative that is given up.

Answer:

B. the small car