The Opportunity Cost of an Action Is Equal To

question 4

Multiple Choice

The opportunity cost of an action is equal to:

• A)the monetary payment the action required.
• B)the total time spent by all parties in carrying out the action.
• C)the highest valued opportunity that must be sacrificed in order to take the action.
• D)the value of all of the alternative actions that could have been taken.
• E)zero, as only goods cost money.

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Definitions:

School Phobia

Fear of attending school, marked by extreme anxiety at leaving parents.

Separating from Parents

The process of individuals gaining independence and autonomy from their parental figures.

Troubling Ideas

Thoughts or concepts that cause distress, anxiety, or discomfort, often challenging an individual’s beliefs or perceptions.

Realize

To become fully aware of (something) as a fact; to understand clearly.