Which of the Following Is an Example of Opportunity Cost

question 42

Multiple Choice

Which of the following is an example of opportunity cost?

• A)Renting an apartment near school
• B)Saving money instead of taking a vacation
• C)Setting aside money for paying income tax
• D)Purchasing automobile insurance
• E)Using a personal computer for financial planning

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Definitions:

Charisma

A compelling attractiveness or charm that can inspire devotion in others, often associated with leadership qualities.

New Religious Movements

A term used to describe religious, spiritual, or ethical communities or groups that have emerged relatively recently and differ from established religious traditions.

Tylor

Refers to Edward Burnett Tylor, a 19th-century anthropologist known for his pioneering work in cultural anthropology and the concept of animism.

Evolutionistic Theoretical Approach

An approach in various disciplines that uses concepts of evolution to explain changes and developments, suggesting that entities progress through a series of gradual changes.