Which of the Following Is an Example of Opportunity Cost

question 42

Multiple Choice

Which of the following is an example of opportunity cost?

• A)Renting an apartment near school
• B)Saving money instead of taking a vacation
• C)Setting aside money for paying income tax
• D)Purchasing automobile insurance
• E)Using a personal computer for financial planning

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Definitions:

Persuasion

The act of convincing others to change their attitudes, beliefs, or behaviors through argument, appeal, or explanation.

Likeability

The quality that makes a person or thing pleasant, enjoyable, or agreeable, facilitating positive social interactions and acceptance.

Persuasion Tactics

Strategies or methods employed to influence others' attitudes, beliefs, or actions towards a particular viewpoint or decision.

Stereotypes

Oversimplified and generalized beliefs about a group of people that often ignore individual differences.