The Opportunity Cost of an Item Is

question 67

Multiple Choice

The opportunity cost of an item is

• A)the number of hours that one must work in order to buy one unit of the item.
• B)what you give up to get that item.
• C)always less than the dollar value of the item.
• D)always greater than the cost of producing the item.

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Definitions:

Material Realities

The tangible and physical aspects of life, including the natural environment, built environments, and objects, that influence or determine human experiences and societal structures.

Patriarchal Power

A social system where men hold primary power and predominate in roles of political leadership, moral authority, and control over property.

Glass Ceiling

An invisible institutional barrier that limits professional women’s progress into the upper echelons of an organization.