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Question
17 multiple choice 1 point a person who purchases and used goods or services is a consumer an investor a saver a shopper 18 multiple choice 1 point the trade - off when you make a choice is called cost of choice financial goal opportunity lost opportunity cost
For question 17, by definition, a consumer is someone who purchases and uses goods or services. An investor puts money into something for financial return, a saver sets money aside, and a shopper may just browse or buy without necessarily using the items. For question 18, opportunity cost is the value of the next - best alternative forgone when making a choice, which is the trade - off in decision - making.
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- A. a consumer
- D. opportunity cost