Which of the Following Is Generally an Opportunity Cost of Investment

question 15

Multiple Choice

Which of the following is generally an opportunity cost of investment in human capital?

• A)future job security
• B)forgone wages at present
• C)increased earning potential
• D)the costs of living during the years of school

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Definitions:

Expenditures

The total amount of money spent by individuals, businesses, or governments on goods and services.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all goods and services produced within the country in a specific time period.

Unfunded Promises

Commitments or obligations, especially by a government, for which no money has been set aside to fulfill them.

Economic Theory

A set of principles and frameworks that aim to explain and predict the behaviors of individuals, firms, and governments in an economy.