Which of These Is an Example of an Opportunity Cost

question 70

Multiple Choice

Which of these is an example of an opportunity cost?

• A)Spending for current living expenses increases the amount you have for saving and investing.
• B)Saving and investing for the future reduces the amount you can spend now.
• C)Buying on credit results in payments later and increases the amount of future income available.
• D)Using savings for purchases results in additional interest earnings.
• E)Comparison shopping can cost you money and time.

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Definitions:

Eponym

A term or name derived from the name of a person, whether real or fictional, often used in medicine, science, and other fields to commemorate discoverers or inventors.

Abstracting

The process of extracting essential information from a larger set of data or text to summarize or create a distilled version of the original content.

External Cause Codes

Codes used in medical classification to describe the circumstances or events that cause an injury or health condition.

Volunteer Activity

Volunteer activity encompasses any action or service performed willingly by an individual without financial or material compensation.