53
QuizMultiple Choice

Case Study: Starting a Business — Unit test

Question 53 • Personal Finance - SC 26-27 (For Credit)

Which factor should be most important if you are considering purchasing a new video game?

Answer
A
the number of games available for purchase
B
the quality of the games produced by that manufacturer
C
the popularity of the video game with your friends
D
the other things you could do with your money instead

Explanation

When deciding whether to buy a video game, compare its cost with what else you could do with that money. This is opportunity cost: the value of the best alternative you give up. The number or quality of games and your friends’ opinions may matter, but they are less important than considering what you could do with the money instead.

AI-written and checked against the verified answer.

Previous
Next