Which of the Following Statements Is True

question 124

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.

---

Definitions:

North Coast

A generic term that refers to the northern coast of a country or region, often characterized by its geographical features or cultural attributes.

Tertiary Sector

The segment of the economy that provides services rather than producing goods, including healthcare, education, financial services, and retail.

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic region, often analyzed to determine health and growth.

Service Sector

The segment of the economy that provides services rather than goods, including healthcare, education, finance, and retail.