Which of the Following Is an Example of Opportunity Cost

question 25

Multiple Choice

Which of the following is an example of opportunity cost?

• A)The Chinese food that you gave up when you chose to eat Italian food.
• B)The tuition that you pay to attend college.
• C)For a professor of economics,the pleasure that he or she derives from teaching economics.
• D)Sweets given up by a person who would never eat them even if he or she could.
• E)The price paid for a ticket when you go to the movies.

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Definitions:

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Cultural Competency

The ability to understand, appreciate, and interact effectively with people from cultures or belief systems different from one's own.

Cultural Dexterity

The ability to understand, respect, and navigate different cultural contexts and practices effectively.

Cultural Insight

An understanding of the values, practices, and social norms of a particular group or society, gained through observation, study, or experience.