An Unemployed Single Parent Who Just Received a $300,000 Divorce

question 140

True/False

An unemployed single parent who just received a $300,000 divorce settlement would likely prefer investments with less risk.

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Definitions:

Opportunity Cost

The consequence of choosing a specific option is the preclusion of potential rewards from other possibilities.

Pint

A unit of volume or capacity used in liquid measure, equal to one-half of a quart or approximately 473 milliliters in the United States.

Marginal Cost

The incremental cost of manufacturing one more unit of a product or service.

Marginal Benefit

The enhanced satisfaction or advantage experienced from the consumption of one extra unit of a product or service.