Studying Only in Order to Raise Your Grade Point Average

question 135

Multiple Choice

Studying only in order to raise your grade point average is an example of:

• A) extrinsic motivation.
• B) intrinsic motivation.
• C) physiological reinforcement.
• D) psychological manipulation.

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Definitions:

Implicit Costs

The opportunity costs incurred by a firm for using its own resources without a direct monetary payment.

Implicit Costs

Costs that represent the loss of potential income from resources when they are not utilized in their best alternative use.

Opportunity Cost

Forgoing possible gains from various alternatives by picking a specific one.

Personal Savings

The portion of an individual's income that is not spent on consumption and is saved for future expenses, investments, or emergencies.