Mosti, a Materials Engineer, Has Discovered a Groundbreaking New Way

question 1

Multiple Choice

Mosti, a materials engineer, has discovered a groundbreaking new way to make recycled plastic stronger.He is looking to exploit this discovery by starting up his own business at a cost of $500 000.Unfortunately Mosti has only $200 000 in savings and must borrow the other $300 000.If the interest rate is 10%, then what, according to an economist, is the opportunity cost of starting up the business?

• A)$500,000 per annum
• B)$50,000 per annum
• C)$30,000 per annum
• D)$20,000 per annum

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Definitions:

Conditional Positive Regard

Refers to accepting and loving someone only when they behave in a way that is acceptable or pleasing.

Actualizing

The process of making something real or bringing something into existence, often used in the context of personal growth and fulfilling potential.

Actualized

The process of realizing and expressing one's capabilities and creativities to their fullest extent.

Actualization

The process of realizing or achieving one's full potential or self-fulfillment, often associated with Maslow's hierarchy of needs.