The Opportunity Cost to You of an Action Is

question 54

Multiple Choice

The opportunity cost to you of an action is

• A)how much you must pay for the opportunity to take the action.
• B)the value to you of the next best action you could have taken.
• C)the cost to society of giving you the opportunity to take the action.
• D)the dollar cost to you of the action.

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Definitions:

Baseball

A team sport in which two teams take turns batting and fielding, trying to score runs by hitting a ball and running around four bases.

President's Council

An advisory group that offers recommendations and guidance to a country's president on specific issues or policies.

Physical Fitness

Physical fitness involves maintaining a level of health and physical readiness that allows an individual to perform tasks, engage in physical activities, and reduce the risk of health problems.

TV Watching

The act of viewing content on a television set, which can include shows, movies, news, and other forms of entertainment or information.