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.

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Definitions:

Self-Sustaining Big Game Parks

Conservation areas designed to maintain ecosystems and wildlife, including large game, without relying on external resources for continuing survival and management.

Indigenous Plants

Plant species that are native to a specific geographical region and have developed naturally without human intervention.

Leisure

Free time when one is not working or attending to other duties, often spent in activities of one's choice for relaxation or enjoyment.

Recreation

Activities engaged in for enjoyment and relaxation during free time, often providing physical or emotional benefits.