Out-of-pocket expenses for things like food, clothing, and housing for children are referred to as a/an opportunity cost.

Name: Out-of-pocket expenses for things like food, clothing, and housing for children are referred to as a/an opportunity cost.
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Out-of-pocket expenses for things like food, clothing, and housing for children are not referred to as opportunity cost. Opportunity cost refers to the benefits that could have been received by choosing one alternative over another.

Out-Of-Pocket Expenses for Things Like Food, Clothing, and Housing for Children