Which of the Following Is NOT True of Opportunity Cost

question 56

Multiple Choice

Which of the following is NOT true of opportunity cost?

• A) Opportunity costs are subjective because they depend upon how the decision-maker values his or her options.
• B) Opportunity costs are only the monetary costs of lost options.
• C) Opportunity costs are the highest-valued alternative sacrificed in order to choose an option.
• D) Only the decision-maker can determine his or her opportunity costs for any particular action.

---

Definitions:

Natural Disaster

A catastrophic event resulting from natural processes of the Earth, such as earthquakes, hurricanes, or floods, causing significant damage and loss.

Relaxation Training

Techniques or exercises designed to help individuals reduce stress and anxiety, promoting a state of calm.

Cardiac Bypass Surgery

A surgical procedure that diverts blood around blocked or partially blocked arteries in the heart to improve blood flow and oxygen to the heart.

Health Education

The process of informing the public about health issues and promoting health awareness to improve overall health and well-being.