Here Are Three Things You Could Do If You Do

question 127

Multiple Choice

Here are three things you could do if you do not attend your economics class: watch television with some friends (you value this at $25) ,read a good novel (you value this at $13) ,or go in to work (you could earn $20 during the economics class) .The opportunity cost of going to your economics class is

• A)$20,because this is the only alternative of the three where you actually receive a monetary payment.
• B)$13,because this is the lowest valued alternative forfeited.
• C)$25,because this is the highest valued alternative forfeited.
• D)$58,because this is the total dollar sum of the alternatives forfeited.

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Definitions:

Protect Minors

Measures or laws designed to safeguard children and teenagers from harm and exploitation.

Misrepresents His Age

The act of someone falsifying their age, typically to gain access to rights, products, or services restricted to those of a certain age.

Disaffirm It

The act of rejecting or voiding a legal contract or agreement, especially one entered into by minors or under duress which can be legally disaffirmed.

Duty Of Restitution

The legal obligation to compensate or restore the loss suffered by another party due to unlawful acts or breaches of contract.