How Are Changes in Opportunity Cost Related to Decision-Making Behavior

question 136

Multiple Choice

How are changes in opportunity cost related to decision-making behavior?

• A) The lower the opportunity cost of doing activity X,the more likely activity X will be done.
• B) The higher the opportunity cost of doing activity X,the more likely activity X will be done.
• C) Changes in the opportunity cost play no role in decision making.
• D) The lower the opportunity cost of doing activity Y,the more likely activity X will be done.
• E) The higher the opportunity cost of doing activity Y,the less likely activity X will be done.

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Definitions:

Political Participation

The involvement of individuals in political activities intended to influence government decisions and policies.

Self-sufficient

The ability of an individual, community, or country to provide for their own needs without external assistance, particularly in terms of producing food and goods.

Manufactured Goods

Items that have been processed from raw materials into finished products through human or machine labor.

Slaveholders

Individuals or entities that owned one or more slaves, maintaining control over their lives, labor, and freedom.