Which of the Following Is Considered an Opportunity Cost of Buying

question 103

Multiple Choice

Which of the following is considered an opportunity cost of buying an existing business?

• A) The salary that could be earned working for someone else and the owner's investment in the business
• B) Dividends
• C) The market value of tangible assets
• D) The salary that the business has paid to previous owners

Recognize the scope and limitations of the president's power to use military force both domestically and internationally.

Understand the roles and powers of the President of the United States.

Recognize the historical context and significance of Congressional powers and actions.

Identify the structure, roles, and responsibilities of the President's Cabinet and advisory bodies.

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Definitions:

Deadweight Loss

An economic efficiency decrement occurs when there's a failure to achieve or inability to achieve an equilibrium for a particular good or service.

Market Distortion

An economic phenomenon where external factors lead to a deviation from the expected or efficient allocation of resources, often causing prices to be higher or lower than they would be in a free market.

Taxed

Subjected to a compulsory financial charge or levy by governmental organizations for the funding of state expenditures.

Worse Off

A situation or condition in which an individual or group is in a less favorable position than before.