A Good or Service That Is Forgone by Choosing One

question 134

Multiple Choice

A good or service that is forgone by choosing one alternative over another is called a(n) :

• A) explicit cost.
• B) opportunity cost.
• C) historical cost.
• D) accounting cost.

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Definitions:

Nuclear Family Model

A social and family structure consisting of two parents and their children (biological or adopted) living together in a household, considered the traditional unit in many societies.

Hmong Kinship Networks

The family and community connections among Hmong people, which play a crucial role in their social structure and support systems.

Immigration

The action of coming to live permanently in a foreign country.

Fatherhood Under Slavery

The complex and often restricted role of enslaved men in the United States and elsewhere as fathers, dealing with the challenges of bondage and family separation.