The Idea of Opportunity Cost Suggests That the Cost of a Particular

question 133

Multiple Choice

The idea of opportunity cost suggests that the cost of a particular choice should be measured by the

• A) price of the good chosen
• B) price of the good divided by income
• C) value of the best alternative sacrificed
• D) amount of the good consumed
• E) sum of the costs of all foregone opportunities

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Definitions:

Early Civilizations

Complex societies that emerged in various parts of the world with advanced infrastructure, governance, and culture, including the ancient civilizations of Mesopotamia, Egypt, the Indus Valley, and China.

Trichinosis

An infection caused by eating raw or undercooked meat infected with Trichinella parasites, leading to symptoms such as gastrointestinal distress, muscle pain, and fever.

Anthrax

A serious infectious disease caused by the bacterium Bacillus anthracis, affecting both animals and humans, and can be fatal if not treated.

Tuberculosis

A contagious bacterial infection that mainly affects the lungs and can lead to severe health issues.