Opportunity Cost Is

question 170

Multiple Choice

Opportunity cost is

• A) the combined value of all the alternatives not selected.
• B) the same thing as the money price of a good.
• C) the value of the next best alternative which was given up.
• D) based on the intrinsic value of the good itself.

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Definitions:

Optimistic Humanism

A perspective within psychological theory that emphasizes a positive, growth-oriented view of human nature, focusing on the inherent goodness and potential for personal development.

Basically Good

The belief that human beings are fundamentally moral and kind at their core.

Blank Slates

The idea that individuals are born without built-in mental content and that therefore all knowledge comes from experience or perception.

Aware Of Surroundings

The state or quality of being conscious or cognizant of the environment and situation in which one is positioned.