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Opportunity Cost Quiz

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Questions and Answers

Based on the information provided, what was the opportunity cost of choosing to go canoeing?

D. Canoeing

C. Babysitting and camping

A. Camping (correct)

B. Babysitting

What activity did the person choose to do for the weekend?

A. Camping

B. Babysitting

C. Canoeing (correct)

D. None of the above

Which activity did the person not choose to do?

A. Camping

B. Babysitting (correct)

C. Canoeing

D. None of the above

Study Notes

Weekend Activity Choice

The person chose to go canoeing for the weekend.
The opportunity cost of choosing canoeing is not specified, but it implies that the person had to give up another activity.
The person did not choose the alternative activity, which is not specified.

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Description

Test your understanding of opportunity cost with this quiz! Answer questions about making choices and weighing the benefits and drawbacks of different options. Discover what your opportunity cost would be in various scenarios.