The Opportunity Cost of Something Is

question 17

Multiple Choice

The opportunity cost of something is:

• A)greater during periods of rising prices.
• B)equal to the money cost.
• C)less during periods of falling prices.
• D)what is given up to acquire it.

---

Definitions:

Massachusetts

A state in the northeastern United States, one of the original 13 colonies, known for its significant historical events, higher education institutions, and technological innovation.

Indian Tribes

Socially, culturally, and politically distinct groups recognized by the United States as sovereign entities with various rights and responsibilities.

English Freedom

A historical concept indicating the perceived liberties and rights enjoyed under English law, often contrasted with other regimes.