Which of the Following Statements Is True

question 29

Multiple Choice

Which of the following statements is true?

• A)The opportunity cost of a decision is equal to the explicit cost in monetary terms.
• B)The opportunity cost of a decision is the value of the best foregone alternative.
• C)Some economic decisions have zero opportunity cost.
• D)The opportunity cost of attending college is the same for all students at the same university but may differ among students at different universities.
• E)The opportunity cost of producing a good is negative during inflation.

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Definitions:

NANDA-I

The North American Nursing Diagnosis Association International (NANDA-I) is an organization that classifies nursing diagnoses to standardize and define the knowledge base for nursing practice.

NOC Outcome Labels

Labels used within the Nursing Outcomes Classification system to standardize the measurement of patient outcomes.

Health Status

An individual's overall condition of physical, mental, and social well-being, not merely the absence of disease or infirmity.

Human Responses

Reactions or actions in response to internal or external stimuli, important in understanding health and disease.