The Opportunity Cost of a Choice Is

question 81

Multiple Choice

The opportunity cost of a choice is:

• A) the value of the opportunities lost.
• B) the net value of the opportunities gained.
• C) the difference between the benefits and costs of the choice.
• D) sometimes positive or negative.

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Definitions:

Antebellum Period

A term referring to the time in American history before the Civil War, particularly emphasizing the cultural and economic aspects of the southern states.

Institution Of Slavery

A legalized system in which individuals are owned by others, deprived of personal freedom, and forced to work without wages.

Slave Narratives

First-hand accounts and autobiographies written or narrated by former slaves, documenting their experiences and the conditions of slavery in history.

Psychological Trauma

A type of damage to the mind that occurs as a result of a distressing event, leading to overwhelming amounts of stress that exceed the individual's ability to cope.