Stephanie has only one hour to study for an exam in math or to complete an assignment in economics. For Stephanie, the opportunity cost of spending the hour completing the economics assignment is
A) a lower grade in the math exam.
B) a higher grade in the math exam.
C) a lower grade in both the math exam and the economics assignment.
D) a higher grade in both the math exam and the economics assignment.
E) none because history and economics are unrelated.
Correct Answer:
Verified
Q16: The economic problem is
A)a lack of money.
B)a
Q17: Economic interactions occur only in the presence
Q18: Choices are made in order to avoid
Q19: A budget constraint
A)does not occur if there
Q20: The concept of scarcity refers to
A)a situation
Q22: Exhibit 1-2 Q23: An example of opportunity cost is the
A)income
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents