Which of the Following Is a True Statement

question 100

Multiple Choice

Which of the following is a true statement?

• A) Cost is always measured in the nation's currency.
• B) Opportunity cost is an objective measure since the cost of an activity is the same for everyone.
• C) The less alternatives there are the greater the cost.
• D) Opportunity cost is always a foregone opportunity.

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Definitions:

Mean

The average of a set of values, calculated by adding all the numbers together and dividing by the count of the values.

Standard Deviation

A quantitative assessment that determines the range of difference or dispersion in a collection of data.

Mean

It is the central value of a discrete set of numbers, specifically, the sum of the values divided by the number of values.

Sample Data

A subset of data collected from a larger population, used for analysis and inference.