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Chapter 8 Building Blocks in Economics the Problem of Choice - Part 4

If a student spends two hours studying instead of working for wages, the opportunity cost may be:

Type: MCQ • Marks: 1
If a student spends two hours studying instead of working for wages, the opportunity cost may be:
Options
A. The textbook only
B. The wages the student could have earned
C. The classroom
D. The school building
Explanation
Explanation: The forgone earning opportunity is the relevant alternative.
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