🎓 GED Exam Prep

When a person chooses to buy a new car instead of using that money for a down payment on a house, the house down payment represents the:

A Marginal benefit
B Opportunity cost
C Economic efficiency
D Comparative advantage

✓ Correct Answer: Option B

Opportunity cost is the value of the next best alternative that was not taken when a decision was made. In this scenario, the house down payment is the forgone alternative.

Related GED Exam Prep Questions