The opportunity cost of jail time is what you could have done had you not been in jail.

Name: The opportunity cost of jail time is what you could have done had you not been in jail.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

The definition of opportunity cost is the value of the next best alternative forgone when an economic decision is made. In the case of jail time, the opportunity cost is the potential activities and opportunities you could have pursued if you were not in jail.

The Opportunity Cost of Jail Time Is What You Could