The Opportunity Cost of an Item Is

question 107

Multiple Choice

The opportunity cost of an item is

• A)the number of hours needed to earn money to buy the item.
• B)what you give up to get that item.
• C)usually less than the dollar value of the item.
• D)the dollar value of the item.

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Definitions:

Jean Piaget

was a Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development.

Overweight

A body weight that is considered higher than the healthy range for a given height, often measured by body mass index (BMI) criteria.

United States

A country located in North America, known for its vast landscape, diverse population, and significant impact on global culture, politics, and economy.

Classification

The process of arranging or organizing items into categories based on shared qualities or characteristics.