Which of These Is NOT an Example of Opportunity Cost

question 180

Multiple Choice

Which of these is NOT an example of opportunity cost?

• A)Lobster catchers in Point Judith,Rhode Island continued to trap lobsters at the cost of depleting the lobster population.
• B)President George W.Bush's administration has pushed for oil exploration in the Arctic National Wildlife Refuge in Alaska at the cost of environmental preservation.
• C)Lobster catchers in Port Lincoln,Australia paid a licensing fee for the right to own lobster traps.
• D)The "bridge to nowhere" to be built near Anchorage,Alaska comes at the cost of adding to the federal budget deficit.

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Definitions:

Global Strategy

A business approach that considers the world as a single market, focusing on developing standardized products or services to achieve economies of scale.

Financialized

A term describing how financial markets, financial institutions, and financial elites gain greater influence over economic policy and economic outcomes.

Financial Activities

These involve transactions related to the management, investment, transfer, and expenditure of money by individuals, businesses, and governments.

Lending

The act of providing funds to another party with the expectation that the funds will be repaid, often with interest, at a later date.