An Example of a Personal Opportunity Cost Would Be

question 43

Multiple Choice

An example of a personal opportunity cost would be:

• A)lost wages due to continuing as a full time student
• B)higher earnings on savings that must be kept on deposit a minimum of six months.
• C)time comparing several brands of personal computers
• D)Interest lost by using savings to make a purchase
• E)having to pay a tax penalty due to not having enough withheld from your monthly salary.

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Definitions:

Montesquieu

A French political philosopher of the Enlightenment who is best known for his theory of separation of powers, which has been incorporated into the constitution of many countries, including the United States.

Constitutionalism

The belief in limiting government power by law, ensuring a system of checks and balances within the state's framework to protect individuals' rights and liberties.

General Will

A concept in political philosophy, particularly associated with Jean-Jacques Rousseau, representing the collective interest or the common good that is in the best interest of society as a whole.

Natural Rights

Fundamental human rights based on universal natural law, predating and regardless of legal systems or governments, such as life, liberty, and property.