Opportunity Cost Is Defined as The

question 73

Multiple Choice

Opportunity cost is defined as the:

• A)dollar cost of what is purchased.
• B)value of all alternatives not chosen.
• C)value of the best alternative not chosen.
• D)difference between the benefits from a choice and the benefits from the next best alternative.
• E)difference between the benefits from a choice and the costs of that choice.

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Definitions:

William Lloyd Garrison

A prominent American abolitionist, journalist, and social reformer, known for founding the anti-slavery newspaper "The Liberator."

Frederick Douglass

An American social reformer, abolitionist, orator, writer, and statesman who after escaping from slavery in Maryland, became a national leader of the abolitionist movement.

Elizabeth Cady Stanton

A leading figure in the early women's rights movement, known for her advocacy for women's suffrage, women's rights, and abolition of slavery.

Equivocate

To use ambiguous language so as to conceal the truth or avoid committing oneself to a concrete stance.