Alternative Forms of Money Include

question 10

Multiple Choice

Alternative forms of money include:

• A) frequent flier miles
• B) gift cards
• C) debit cards
• D) PayPal
• E) All of these answers are correct.

---

Definitions:

Opportunity Cost

The value of the next best alternative forgone as a result of making a decision to pursue a certain action.

Economic Efficiency

The optimal distribution of resources in a manner that maximizes the total utility to all individuals in the economy.

Governmental Direction

Guidance or regulation provided by government bodies to influence or control certain activities, industries, or economic policies.

Roundabout Production

An economic concept that refers to more capital-intensive and indirect methods of production, which, although initially more time-consuming and costly, lead to greater efficiencies and outputs in the long run.