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In economics, what term describes a cost that has already been incurred and cannot be recovered?
Answer
Sunk cost
In economics, what is the value of the best alternative forgone when making a choice called?
Answer
Opportunity cost
In economics, what is the additional cost of producing one more unit of a good called?
Answer
Marginal cost
In economics, what term describes the basic problem that resources are limited but human wants are unlimited?
Answer
Scarcity
Which company did The Coca-Cola Company acquire in 2001 to enter the organic beverage market?
Answer
Odwalla
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Latest trivia questions
In economics, what is the value of the best alternative forgone when making a choice called?
Answer
Opportunity cost
Which Coca-Cola juice brand was launched in the United States in 2001?
Answer
Simply Orange
What is the name of Coca-Cola’s secret formula exhibit at World of Coca-Cola?
Answer
The Vault of the Secret Formula
Which company acquired Coca-Cola bottling operations in 1986 to form Coca-Cola Enterprises?
Answer
The Coca-Cola Company