What Is the Best Way to Measure the Opportunity Cost

question 71

Multiple Choice

What is the best way to measure the opportunity cost of gasoline

• A)by the average price of a litre of gasoline
• B)by the fuel efficiency of the average North American car
• C)by the pollution emitted per 1 km of driving
• D)by the number of minutes of work needed to pay for 1 km of driving

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Definitions:

Group Status Structures

The hierarchical organization of members within a group based on various factors such as power, prestige, and roles.

Equality

The state of being equal, especially in status, rights, and opportunities.

Inequality

A situation where resources, opportunities, and rights are distributed unevenly among members of a society.

Resocialization

The process by which individuals undergo a transformation in their personality by discarding former behavioral patterns and accepting new ones, often in new social contexts.