ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
You have an evening of free time. You have math homework to do, chores to get done, a show to watch, and want to play a video game. You really don’t want to do your chores. You know you won’t be able to get all of these done tonight. You decide to get your homework done and watch the show. Which of these would be your opportunity cost?
A
Homework
B
Chores
C
Show
D
Video Game
Explanation: 

Detailed explanation-1: -Homework is typically credited to Roberto Nevelis of Venice, Italy, who invented it in 1095-or 1905, depending on your sources.

Detailed explanation-2: -The researchers found that excessive homework means students are not able to meet their developmental needs or cultivate other critical life skills at the same time. In other words, students are more likely to give up extracurricular activities, spend less time with friends and family, and stop pursuing their hobbies.

Detailed explanation-3: -ANSWER. Motivating a teenager who appears little interested in applying himself in school can feel like hard work. Explore your teen’s learning. Explore his unique talents. Encourage positive friendships. Get involved as a parent. Consider an incentive. 01-Nov-2015

Detailed explanation-4: -Make a list. This should be a list of everything that has to be done that evening. Estimate the time needed for each item on your list. You can be a little ruthless here. Gather all your gear. Unplug. Time yourself. Stay on task. Take plenty of breaks. Reward yourself!

There is 1 question to complete.