| opportunity cost definitions |
| # | Definition | Sets |
| 1 | the most desirable alternative given up as the result of a decision | 37 sets |
| 2 | whatever must be given up to obtain some item | 28 sets |
| 3 | the cost of the next best use of time and money when choosing to do one thing or another | 14 sets |
| 4 | the thing you give up when you decide to do or have something else | 11 sets |
| 5 | cost in terms of foregone alternatives | 9 sets |
| 6 | cost of the next best alternative use of money, time, or resources when one choice is made rather than another | 9 sets |
| 7 | what you give up when you make one choice over another | 8 sets |
| 8 | the highest-valued alternative that must be given up to engage in an activity | 8 sets |
| 9 | the next best alternative given up when making a choice | 7 sets |
| 10 | the highest valued benefit given up when a choice is made | 7 sets |
| 11 | the value of any alternative that you must give up when you make a choice | 6 sets |
| 12 | the cost of the next best use of your time or money when you choose to do one thing rather than another | 5 sets |
| 13 | choosing one option over another one | 5 sets |
| 14 | the value of the next-best alternative that you did not choose | 5 sets |
| 15 | value of the next best alternative | 5 sets |
| 16 | what you give up when you make one choice instead of another | 4 sets |
| 17 | what you give up when you choose one thing over another | 4 sets |
| 18 | the highest valued alternative that must be given up to engage in an activity. | 4 sets |
| 19 | in making a decision, the most valuable alternative not chosen | 4 sets |
| 20 | the value of the next-best alternative that you did not choose. | 4 sets |
| 21 | is the cost of the next best use of your time or money when you choose to do one thing rather than another | 4 sets |
| 22 | a potential benefit that is given up when one alternative is selected over another | 4 sets |
| 23 | the amount of other products that must be forgone or sacrificed to produce a unit of a product | 4 sets |
| 24 | the basic relationship between scarcity and choice. the sacrifice incurred by choosing one option over an alternative that may be equally desired. all choices have an opportunity cost. | 4 sets |
| 25 | what you give up to do what you are doing | 4 sets |
| 26 | the potential benefit that is given up when one alternative is selected over another. | 3 sets |
| 27 | whatever must be given up to obtain some item. | 3 sets |
| 28 | the best or most valued alternative sacrificed in order to have something else. what is given up in order to have something else. | 3 sets |
| 29 | the cost (lost benefit) of the thing you gave up. ex: giving up money from missing work to go to school. | 3 sets |
| 30 | what is given up when making one choice instead of another | 3 sets |
| 31 | the most highly valued opportunity or alternative forfeited when a choice is made | 3 sets |
| 32 | investment of time, energy, and effort in a questionable treatment that can lead people to forfeit the chance to obtain an effective treatment | 3 sets |
| 33 | cost in terms of forgone alternatives | 3 sets |
| 34 | the value of the best alternative passed up for the chosen item or activity | 3 sets |
| 35 | the cost of the next best alternative use of time and money when choosing to do one thing rather than another | 3 sets |
| 36 | the benefit given up when scarce resources are used for one purpose instead of another. | 3 sets |
| 37 | whatever must be given up to obtain something | 2 sets |
| 38 | the value of something that is given up to obtain something else ex. price of going to college or staying home and commuting | 2 sets |
| 39 | is the value of the next-best alternative that you did not choose | 2 sets |
| 40 | what is given up | 2 sets |