Opportunity Cost

question 60

Multiple Choice

Opportunity cost:

• A) only includes explicit, out-of-pocket expenses.
• B) is the value of your next best alternative.
• C) is never provided in dollar values.
• D) would not include wages lost when you take a vacation.

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Definitions:

Body Cells

The basic structural, functional, and biological units of all known living organisms; fundamental components of tissue and organ systems.

Ionization

The process by which an atom or a molecule acquires a negative or positive charge by gaining or losing electrons to form ions.

X-Rays

Electromagnetic radiation of high energy and very short wavelength, which is able to pass through many materials opaque to light, used especially for taking images of the inside of objects.

Cinemato

Likely related to cinematography or the art of making motion pictures, though not a common term on its own.