Opportunity Cost Is

question 68

Multiple Choice

Opportunity cost is

• A) the additional cost incurred from the consumption of one more unit of output.
• B) the cost involved when choosing between alternatives.
• C) the cost of production which cannot be recaptured.
• D) the total cost incurred from the consumption of additional output.

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Definitions:

Institutional Racism

The systemic distribution of resources, power, and opportunity in a society to the benefit of people who are white and the exclusion and detriment of people of color, embedded within laws, policies, and practices of public and private institutions.

Remedial Class

Educational classes focused on improving skills in specific subjects to help students reach the standard level of competency.

Benchmarks

Standardized points of reference or metrics used to measure and compare the performance of various entities or processes.

Burning Cross

A symbol historically associated with intimidation and hate, used predominantly by the Ku Klux Klan to terrorize African American communities and other groups.