Which of the Following Is an Example of Opportunity Cost

question 94

Multiple Choice

Which of the following is an example of opportunity cost?

• A)The income that could have been earned by working full-time instead of going to college.
• B)The decline in the grades of a student athlete that occurs because she decides to spend more time practicing sports than on her academic work.
• C)The value of other things you could have done with the same time and money it cost you to go to the movies.
• D)The value of the next-best bundle of goods and services that could have been produced instead of using those resources to put astronauts on the moon.
• E)All of the choices are examples of opportunity cost.

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Definitions:

Type B Personality

A personality type characterized by a relaxed, patient, and easy-going nature, often contrasted with the more intense and competitive type A personality.

Less Aggressive

Characterizing a more cautious or restrained approach or behavior, often in the context of competitive actions or strategies.

More Easygoing

Describes an approach or attitude that is relaxed and not overly concerned about strict rules or the traditional way of doing things.

Dysfunctional Behavior

Refers to any behavior at work that is counterproductive. These behaviors may include theft and sabotage, as well as sexual and racial harassment.