The Amount of Income That Would Result from an Alternative

question 168

True/False

The amount of income that would result from an alternative use of cash is called opportunity cost.

---

Definitions:

Conflict Theory

A sociological perspective that emphasizes the role of power struggles and inequality in shaping social relations and societal structures.

Social Structure

The organized pattern of social relationships and social institutions that together compose society, determining the behavior of individuals and groups.

Psychosocial Factors

Elements that influence an individual's psychological development and social interactions.

Chronic Stress

A consistent sense of feeling pressured and overwhelmed over a long period of time, which can lead to significant health problems.