The Opportunity Cost of a Purchase Is

question 5

Multiple Choice

The opportunity cost of a purchase is:

• A) zero if the item is what you want most.
• B) always equal to the selling price of what you purchased.
• C) always greater for people who are out of work than for people who are working.
• D) the alternative good or service that one sacrifices because a different good was purchased.
• E) the lowest possible price.

---

Definitions:

Boycott

An attempt to keep people from purchasing the products of a company.

Lockout

Management’s version of a strike, wherein a work site is closed so that employees cannot go to work.