Suppose It Takes Dan 5 Minutes to Make a Sandwich

question 150

Multiple Choice

Suppose it takes Dan 5 minutes to make a sandwich and 15 minutes to make a smoothie, and it takes Tracy 6 minutes to make a sandwich and 12 minutes to make a smoothie. What is the opportunity cost to Dan of making a sandwich?

• A)1/3 of a smoothie
• B)3 smoothies
• C)15 smoothies
• D)5 smoothies

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Definitions:

American Society

A broad concept encompassing the social structures, cultural norms, and collective behaviors of the people living in the United States.

Civil War

A conflict from 1861 to 1865 in the United States between the northern states (Union) and southern states (Confederacy) primarily over the issues of slavery and states' rights.

California

A U.S. state on the west coast, known for its diverse geography, significant economic contributions, and cultural impact.

Economic Freedom

The ability of individuals and businesses to make their own economic decisions without undue government intervention, including property rights, free trade, and access to markets.