The Term Opportunity Cost Refers to the

question 60

Multiple Choice

The term opportunity cost refers to the

• A)value of what is gained when a choice is made.
• B)difference between the value of what is gained and the value of what is forgone when a choice is made.
• C)value of what is forgone when a choice is made.
• D)direct costs involved in making a choice.

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Definitions:

Wounded Knee Massacre

A tragic event in 1890, where the U.S. Army killed over 150 Lakota Sioux, including women and children, at Wounded Knee Creek in South Dakota.

Indian Allotment Act

Refers to any of several U.S. laws that allowed the government to distribute tribal land to individual Native Americans, effectively reducing communal tribal land holdings and promoting assimilation into white society.

Lynched

The act of killing someone, typically by hanging, without legal trial, often used historically as a means of terrorizing and controlling marginalized communities.

Reconstruction

The period following the Civil War in the United States, from 1865 to 1877, aimed at rebuilding the South and integrating formerly enslaved African Americans into society.