Of the following individuals,who bears the highest opportunity cost of going to college?
A) A pro-football player earning $1 million a year
B) A high school graduate without a job
C) A high school dropout earning the minimum wage in a fast-food restaurant
D) A person being laid off by a company
E) A retiree
Correct Answer:
Verified
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Q32: An example of opportunity cost
A)is sweets given
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A)it reallocates
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Q39: Choices are made based on
A)scarcity.
B)opportunity costs.
C)producers.
D)consumers.
E)supply.
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