Which of the Following Statements Is FALSE About Opportunity Cost

question 147

Multiple Choice

Which of the following statements is FALSE about opportunity cost?

• A)Cost is always foregone opportunity.
• B)Opportunity cost is the next best alternative.
• C)John wants a burger and fries. The concept of opportunity cost applies even though he has enough funds to buy both.
• D)Opportunity cost exists only for goods with monetary values.

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Definitions:

Bayley Scales

A series of standardized tests used primarily to assess the developmental progress of infants and toddlers, encompassing areas such as motor, cognitive, and language development.

School Success

Achieving desired academic outcomes, which can include good grades, mastery of skills, or other educational achievements.

Language Development

How children acquire the ability to understand and use language during the initial stages of life.

Visual Memory

The ability to remember and recall information that has been seen visually.