"If You Hadn't Gone to Dinner with Your Friends,you Would

question 146

Multiple Choice

"If you hadn't gone to dinner with your friends,you would have stayed home and surfed the Internet." It follows that

• A) surfing the Internet is the opportunity cost of having dinner with your friends.
• B) the price of having dinner with your friends is more than the price you would have had to pay to surf the Internet.
• C) the opportunity cost of having dinner with your friends is lower than the opportunity cost of surfing the Internet.
• D) it is less costly to surf the Internet than to have dinner with your friends.

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Definitions:

Time Studying

The allocation of time towards educational activities with the aim of learning and understanding new information or skills.

Annual Income

The total amount of money earned by an individual or household in one year, from all sources.

Education Level

The highest degree or stage of education that an individual has completed.

Correlations

A measure showing the extent to which two or more variables fluctuate together.