An Example of a Personal Opportunity Cost Would Be

question 74

Multiple Choice

An example of a personal opportunity cost would be:

• A)interest lost by using savings to make a purchase.
• B)higher earnings on savings that must be kept on deposit a minimum of six months.
• C)lost wages due to continuing as a full-time student.
• D)time comparing several brands of personal computers.
• E)having to pay a tax penalty due to not having enough withheld from your monthly salary.

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Definitions:

GI Bill Of Rights

The 1944 legislation that provided money for education and other benefits to military personnel returning from World War II.

War Veterans

Individuals who have served in the military forces, especially those who have directly participated in armed conflicts.

Home Buying

The process of acquiring ownership of a residential property, typically involving financial and legal transactions.

Armed Forces

Organized military units or services of a country, responsible for defending it against external and internal threats.