Here Are Three Things You Could Do If You Do

question 34

Multiple Choice

Here are three things you could do if you do not attend your economics class: watch television with some friends (you value this at $25) ,read a good book (you value this at $17) ,or go to work (you could earn $20 during the economics class) .The opportunity cost of going to your economics class is

• A) $20,because this is the only alternative of the three where you would actually receive a monetary payment.
• B) $17,because this is the lowest valued alternative forfeited.
• C) $25,because this is the highest valued alternative forfeited.
• D) $62,because this is the total dollar sum of the three forfeited alternatives.

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Definitions:

Due Process

A legal principle ensuring fair treatment through the normal judicial system, especially as a citizen's entitlement.

American Indian Relations

The historical and contemporary interactions and policies between American Indian nations and the United States government, characterized by complex treaties, land disputes, and efforts towards sovereignty.

Ethnic Roots

The cultural, national, tribal, or racial background from which an individual originates, contributing to their identity and traditions.

People of Color

Individuals and groups identified as non-white, emphasizing the social and political implications of race.