Table 22 -Refer to Table 2

question 183

Multiple Choice

Table 2.2
$$\begin{array} { | l | l | l | l | l | l | } \hline \text { Option } & \mathrm { A } & \mathrm { B } & \mathrm { C } & \mathrm { D } & \mathrm { E } \\\hline \text { Amount } & \$ 100 & \$ 50 & \$ 25 & \$ 15 & \$ 0 \\\hline\end{array}$$
-Refer to Table 2.2. You have $100 to spend and five options to choose from. What is the opportunity cost if you spent all the $100?

• A) $100
• B) $50 in terms of D
• C) $15 in terms in terms of B
• D) the total value of all the options
• E) the value of the option given up if A were not chosen

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Definitions:

Executive Agreements

International agreements entered into by the executive branch of the US government without Senate approval, unlike treaties.

Foreign Policy

A government's strategy in dealing with other nations, encompassing diplomacy, military engagement, and economic relations.

Senate Approval

The formal endorsement or consent given by the Senate, which is one of the two chambers in the bicameral legislature of many countries, including the United States, for various governmental actions and appointments.

Punishment

The imposition of a penalty as retribution for an offense, with the aim of deterring future offenses and ensuring justice.