Business, 17.02.2020 17:25 calebmoore925

Joe sold gold coins for $1000 that he bought a year ago for $1000. He says, "At least I didn't lose any money on my financial investment." His economist friend points out that in effect he did lose money, because he could have received a 3 percent return on the $1000 if he had bought a bank certificate of deposit instead of the coins. The economist's analysis in this case incorporates the idea of what?
opportunity costs T/F

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Joe sold gold coins for $1000 that he bought a year ago for $1000. He says, "At least I didn't lose...

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