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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is opportunity cost?
💡 Hint: Think about the choice you made and what you might have given up.
Question 2
Easy
Give an example of opportunity cost related to study time.
💡 Hint: What do you miss out on?
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does opportunity cost refer to?
- The total cost of an item
- The value of the next best alternative foregone
- The benefits received from a choice
💡 Hint: It's about what you give up for the choice you make.
Question 2
True or False: Opportunity cost only applies to monetary decisions.
- True
- False
💡 Hint: Think of personal choices beyond money.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A student has a choice to pursue a summer internship or travel abroad. Calculate the opportunity cost considering their potential earnings and experiences.
💡 Hint: Assess both sides of each choice!
Question 2
Analyze how opportunity costs can differ for two individuals facing the same decision but with different goals and resources.
💡 Hint: Consider personal perspectives and objectives.
Challenge and get performance evaluation