Opportunity Cost

question 21

Multiple Choice

Opportunity cost:

• A) represents the best alternative sacrificed for a chosen alternative.
• B) has no relationship to the various alternatives that must be given up when a choice is made in the context of scarcity.
• C) represents the worst alternative sacrificed for a chosen alternative.
• D) Represents all possible alternatives sacrificed for a chosen alternative.

---

Definitions:

Kilometres/Hour

A unit of speed measurement indicating the number of kilometers traveled in one hour, commonly used in most countries to measure transportation speed.

Action Potential

A temporary reversal of the electrical potential across the membrane of a neuron, leading to the transmission of an electrical signal along the neuron.

Electrical Signal

An impulse or transmission of information conveyed through the movement of electrical charge.

Axon

An elongated, thin extension of a neuron, also known as a nerve cell, which usually transmits electrical signals from the cell body of the neuron.