Which of the Following Is an Example of a Distant

question 75

Multiple Choice

Which of the following is an example of a distant social network?

• A) One's immediate family members
• B) One's friends in a class
• C) Members of a street gang
• D) One's girlfriend or boyfriend
• E) LinkedIn subscribers

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Definitions:

Marginal Cost

The supplementary cost of manufacturing another unit of a product or service.

Consume

The action of using up goods and services to satisfy personal or collective wants or needs.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing to do one thing over another.

Production Possibilities Schedule

A table or graph that shows the various combinations of two goods or services that an economy can produce using all its resources efficiently.