Hamid Spends an Hour Studying Instead of Watching TV with His

question 24

Multiple Choice

Hamid spends an hour studying instead of watching TV with his friends.The opportunity cost to him of studying is

• A)the improvement in his grades from studying for the hour.
• B)the improvement in his grades from studying minus the enjoyment of watching TV.
• C)the enjoyment he would have received if he had watched TV with his friends.
• D)zero.Since Hamid chose to study rather than to watch TV,the value of studying must have been greater to him than the value of watching TV.

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Definitions:

Poverty

A state of having insufficient financial resources to meet basic living expenses such as food, shelter, and clothing.

Family of Four

A nuclear family unit consisting of two adults and two children, regarded as a common social unit in many cultures.

Childhood Poverty

Childhood poverty refers to the state of children living below the poverty line, affecting their well-being, education, and development.

Cost

The value of resources spent or forgone to achieve a particular objective or acquire an item or service.