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During your session, your client excitedly tells you that his 4-year-old son has gone to bed on time, without a fuss, for the past 5 nights. What might you say or ask to focus on this progress/improvement?
Opportunity Costs
The penalty of overlooking the next most advantageous option when a choice is made.
Efficient
Achieving maximum productivity with minimum wasted effort or expense.
Production Possibility Frontier
A graphical representation showing the maximum combination of goods and services that can be produced using all available resources efficiently.
Full Employment
A situation where all available labor resources are being used in the most economically efficient way.
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