Opportunity Cost Is The

question 189

Multiple Choice

Opportunity cost is the:

• A) cost incurred when one fails to take advantage of an opportunity.
• B) price paid for goods and services.
• C) cost of the best option forgone as a result of choosing an alternative option.
• D) undesirable aspects of an option.

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Definitions:

Memorizing Poetry

The act of committing poems to memory for the purpose of internalizing its content, structure, and expressive qualities.

Dependent Variable

In scientific research, the variable being tested and measured, which is expected to change as a result of manipulations to the independent variable.

Cause and Effect

The relationship between an event (the cause) that leads to another event (the effect), establishing a connection where one is the result of the other.

Experiment

A research method involving the manipulation of one variable to determine its effect on another variable, under controlled conditions.