The Opportunity Cost of an Activity Is

question 24

Multiple Choice

The opportunity cost of an activity is

• A)zero if you choose the activity voluntarily
• B)the amount of money spent on the activity
• C)the value of the best alternative not chosen
• D)the sum of benefits from all of the sacrificed alternatives
• E)the difference between the benefits and the costs of that activity

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Definitions:

Exteroceptors

Sensory receptors that receive stimuli from the external environment, involved in senses such as sight, hearing, taste, smell, and touch.

Olfactory Cortex

A region of the brain involved in the processing of smell information received from the olfactory receptors.

Sensory Receptors

Specialized cells or nerve endings that respond to changes in the environment and send signals to the central nervous system.

Nasal Cavity

The large air-filled space behind the nose that filters, warms, and humidifies inhaled air.