Fred and Ann Are Both Given Free Tickets to See

question 37

Multiple Choice

Fred and Ann are both given free tickets to see a movie. Both decide to see the same movie. We know that

• A)the opportunity cost of seeing the movie is zero because the tickets were free.
• B)both bear an opportunity cost of seeing the movie because they could have done other things instead of seeing the movie.
• C)it is not possible to calculate the opportunity cost of seeing the movie because the tickets were free.
• D)both bear the same opportunity cost of seeing the movie because they are doing the same thing.

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Definitions:

Achievements

Accomplishments or successes that are achieved through effort, skill, or courage.

Idiographic Goals

Unique, personal objectives that are specific to an individual's desires and life circumstances, guiding their behavior in a deeply personal way.

Nomothetic Goals

Objectives or aims that apply universally, seeking to establish general laws and principles about human behavior.

Strategic

Pertaining to the identification of long-term goals and the creation of plans to achieve these goals, often in the context of business or military operations.