Opportunity Cost Exists Because

question 22

Multiple Choice

Opportunity cost exists because

• A)technology is fixed at any point in time
• B)the law of comparative advantage is working
• C)resources are scarce but wants are unlimited
• D)the value of lost opportunities varies from person to person
• E)efficiency is measured by the monetary cost of an activity

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Definitions:

Out-Of-Wedlock Birthrates

The frequency of births occurring to parents who are not legally married to each other.

Unmarried Black Women

Women of African descent who are not married, highlighting their social, economical, and personal contexts.

Married Black Women

Women of African descent who are legally married, focusing on their specific socio-cultural experiences and challenges.

Black Matriarch

A term often referring to the head female figure in Black families, highlighting her role in family and community leadership.