Which of the Following Statements About the Concept of Opportunity

question 187

Multiple Choice

Which of the following statements about the concept of opportunity cost is true?

• A)The opportunity cost of a decision is the cost of all possible alternatives to the good produced.
• B)Many decisions do not involve an opportunity cost.
• C)If you have an economics final and an American history final tomorrow,the opportunity cost of studying five hours for your economics exam is the five hours you cannot study for your history exam.
• D)The opportunity cost of a college education at a school where you have to drive 100 miles per week is the cost and maintenance of owning an automobile to drive to and from school.

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Definitions:

Genetic Code

The set of rules used by living cells to translate information encoded within genetic material into proteins.

Our Parents

The primary caregivers or guardians responsible for raising and nurturing an individual from childhood.

Human Genome Project

A collaborative international research effort aimed at mapping all the genes of the human species and understanding their functions.

Genes

Units of heredity made up of DNA that are responsible for determining the characteristics of organisms and are passed from parents to offspring.