Bill Bonecrusher Graduates from College with a Choice of Playing

question 345

Multiple Choice

Bill Bonecrusher graduates from college with a choice of playing professional football at $2 million a year or coaching for $50,000 a year. He decides to play football, but eight years later he quits football to make movies for $3 million a year. His opportunity cost at graduation was ________ and eight years later was ________.

• A) $50,000; $2 million
• B) $2 million; $2 million
• C) $2 million; $3 million
• D) $50,000; $50,000

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Definitions:

Micro-Macro Linkage

The relationship and interplay between individual actions and behaviors (micro-level) and larger societal structures and processes (macro-level).

European

Pertaining to or originating from Europe, often referring to the cultures, languages, or individuals from European countries.

Ontologically

Pertaining to ontology, the branch of metaphysics dealing with the nature of being.

Ambiguity

The quality of being open to more than one interpretation; inexactness or uncertainty in meaning.