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Your roommate questions how charitable you really are.She says to you,"Give me just one example of the last time you gave money to a homeless person." Odds are that her challenge will convince you that you really are a generous person.Based on research by Norbert Schwarz and his colleagues (1991) ,why is that?
Opportunity Cost
The worth of the best alternative option given up due to a decision made.
Production
The method of merging different material and immaterial inputs, such as plans and expertise, to produce something that can be consumed.
Opportunity Cost
The penalty for not embracing the immediate subsequent advantageous alternative when choosing.
Coffee
A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant.
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