What economic interdependence exists in present Virginia? Virginia sells its coal to other countries 3 but depends on other countries for oil. 3 the choice of or decision among What is economic choice? alternatives or possibilities 3 3 the next best choice that is given up What is opportunity cost? when a decision is made 3 3 both the opportunity cost and the monetary When you make an economic cost of choices decision what do you compare? with benefits 3 3 a place where people live, work, and play What is a community? 3 3
What economic interdependence exists in present Virginia? 3 Virginia sells its coal to other countries but depends on other countries for oil. 3 What is economic choice? 3 the choice of or decision among alternatives or possibilities 3 What is opportunity cost? 3 the next best choice that is given up when a decision is made 3 When you make an economic decision what do you compare? 3 both the opportunity cost and the monetary cost of choices with benefits 3 What is a community? 3 a place where people live, work, and play 3
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