Another Name for Opportunity Cost Is ________ Cost

question 40

Multiple Choice

Another name for opportunity cost is ________ cost.

• A) out-of-the pocket
• B) irrelevant
• C) manageable
• D) alternative
• E) historical

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Definitions:

Preoperational Intuitive

A stage in Piaget's theory of cognitive development where children aged 2-7 years exhibit thinking based on intuition and superficial appearances rather than logic.

Religious Thinking

A cognitive process that involves beliefs, practices, and moral values related to a sense of connection with a higher power or the divine.

Tangible Details

Specific, concrete elements or facts that can be observed and measured, often enhancing the realism or credibility of a description or story.

Authoritative Parents

Parents who are firm, setting clear and consistent limits, but who try to reason with their children, giving explanations for why they should behave in a particular way.