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Bubba is a shrimp fisherman who used $2,000 from his personal savings account to buy a boat and equipment for his shrimp business. The savings account paid 2% interest. What is Bubba's annual opportunity cost of the financial capital that he invested in his business?
Personality Dimension
A continuum of personality traits or characteristics, used to describe variations in human behavior and personality.
Preferences Need No Inferences
A principle suggesting that individuals' choices or preferences can be directly observed without needing to infer underlying motives or reasons.
Appraisal
The process of evaluating the significance of a particular event or situation, often considering one's own resources to handle it.
Judgment Goal
A cognitive objective focusing on forming evaluations or decisions about a particular subject or scenario.
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