Which of the Following Expressions Best States the Idea of Opportunity

question 55

Multiple Choice

Which of the following expressions best states the idea of opportunity cost?

• A)"A penny saved is a penny earned."
• B)"He who hesitates is lost."
• C)"There is no such thing as a free lunch."
• D)"All that glitters is not gold."
• E)"Watch the pennies, and the pounds will look after themselves."

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Definitions:

Equilibrium Value

The price or point at which supply and demand for a good or service are equal, leading to market stability.

Price Level

The average price for every good and service within the current economic landscape.

Hyperinflations

An extremely high and typically accelerating inflation rate, often exceeding 50% per month, leading to a rapid erosion of the real value of the local currency and causing the population to minimize their holdings of the local money.

Money Growth

An increase in the amount of money in circulation or in the overall money supply within an economy.