The Opportunity Cost of an Activity Is

question 24

Multiple Choice

The opportunity cost of an activity is

• A)zero if you choose the activity voluntarily
• B)the amount of money spent on the activity
• C)the value of the best alternative not chosen
• D)the sum of benefits from all of the sacrificed alternatives
• E)the difference between the benefits and the costs of that activity

---

Definitions:

Emerging Adulthood

A phase of the life span between adolescence and full-fledged adulthood, characterized by exploration of identity, instability, self-focus, and feeling in-between, typically ranging from ages 18 to 25.

College Completion Rates

The percentage of students who complete their college or university degree programs within a specified period.

Graduate from College

The act of completing a college or university degree program and receiving an academic degree.

Speed of Processing

How quickly an individual can take in, assess, and respond to information.