1. What might be one of the opportunity costs of spending $10 per week on the lottery?

A.Reducing debt by an additional $ 40 per monthReducing debt by an additional $40 per month.

B.The lottery winnings.

C.The time spent buying the ticket

D.The expected winnings.

2. Which of the following is an example of an opportunity cost?

A.Saving money instead of taking a vacation

B.Setting aside money for paying income tax

C.Renting an apartment near school

D. Purchasing automobile insurance

3.

4.

Estimating Net Worth. Mia has $3,190 in assets, a finance company loan for $578, and an outstanding credit card balance of $123. Mia's monthly cash inflows are $1,961, and she has monthly expenses of $1,597. What is Mia's net worth? Mia's net worth is $ . (Round to the nearest dollar.) Your Financial Position. Some factors that might affect your current financial position include: (Select the best answer below.) O A. age, marital status, and music preferences. OB. internet use, level of education, and music preferences. O C. career choice, level of education, and marital status. O D. career choice, internet use, and religious affiliation