Which of the Following Statements Correctly Uses the Concept of Opportunity

question 71

Multiple Choice

Which of the following statements correctly uses the concept of opportunity cost in decision making? I. "Because my secretary's time has already been paid for, my cost of taking on an additional project is lower than it otherwise would be."
II) "Since NASA is running under budget this year, the cost of another space shuttle launch is lower than it otherwise would be."

• A) I is true, and II is false.
• B) I is false, and II is true.
• C) I and II are both true.
• D) I and II are both false.

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Definitions:

Positive Regard

The acceptance, respect, and appreciation that one person shows another, considered essential in humanistic psychology for healthy personal development.

Psychodynamic Theorists

Researchers and clinicians who explore how unconscious processes and childhood experiences affect personality and behavior.

Unconscious Determinants

Factors that influence behavior and decisions without the individual's conscious awareness, rooted in the unconscious mind.

Humanistic Theory

A psychological perspective focusing on the individual's capacity for self-growth and personal fulfillment.