Which of the Following Does Not Illustrate the Concept of Opportunity

question 150

Multiple Choice

Which of the following does not illustrate the concept of opportunity cost?

• A)Between 1990 and 1997,the state of California laid off 10,000 of its university employees to have the money to hire 10,000 employees for its prison system.
• B)By reducing its unemployment rate,the United States dramatically increased its production of both civilian and war goods in the early years of World War II.
• C)A computer whiz at M.I.T.gives up her senior year at the university to take a high-paying position at a new company,Socrates.com.
• D)The Secretary of the Interior must choose between enforcing a law that would save the spotted owl,an endangered species or the loss of 500 logging jobs.

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Definitions:

Large Company

A corporation or enterprise that operates on a large scale in terms of revenue, employees, or market presence.

Franchisors

Companies or individuals that grant the license to a third party for the conducting of a business under their brand and name.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit of the investment divided by the cost of the investment.

Company-owned Chain

A series of businesses or retail outlets owned and operated by a singular company, as opposed to being franchises or independently owned.