Your Friend Is Preparing for This Exam and in Your

question 453

Essay

Your friend is preparing for this exam and in your practice session makes the following statement: "Instead of attending microeconomics class for two hours, Kiki could have played tennis or watched a movie. Therefore, the opportunity cost of attending class is the tennis and the movie she had to give up." Is your friend's analysis correct or not? Explain your answer.

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Definitions:

Care

Delivering the essentials for ensuring the health, welfare, upkeep, and safety of a person or entity.

Justice

The ethical principle that requires that risks and benefits of research participation must be spread equitably across individuals and groups.

Postconventional Moral Reasoning

Kohlberg’s third level of moral reasoning emphasizing autonomous decision-making based on principles such as valuing human dignity.

Adulthood

The period in the human lifespan when an individual is considered legally and socially mature and responsible.