Tommy Spends Most of His Monthly Budget on $3 Video

question 248

Multiple Choice

Tommy spends most of his monthly budget on $3 video game rentals or $6 packets of Pokemon cards.The opportunity cost to Tommy of an extra packet of Pokemon cards is

• A)one video game rental.
• B)two video game rentals.
• C)the cost of the Pokemon cards.
• D)he does not incur an opportunity cost.

---

Definitions:

Fraud

Dishonest or illegal trickery used to achieve financial or personal advantages.

Cashier Checks

A check issued by a bank, drawn on its own funds rather than on one of its depositor's accounts, guaranteeing payment.

Postage Stamps

Small pieces of paper issued by a government or an official postal administration, denoted with a specified value, and used to pay for the shipment of mail.

Certificates of Deposit

Time-bound deposit accounts offered by banks that pay interest and have a fixed maturity date.