An Example of the Application of Opportunity Cost Occurs When

question 229

True/False

An example of the application of opportunity cost occurs when a government makes the choice between health care spending and military spending.

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Definitions:

Basic Innate Unit

A fundamental component or aspect of something that is inherent and not acquired from the environment.

Erg

A unit of energy in the centimeter-gram-second (CGS) system, equivalent to the work done by a force of one dyne exerted for a distance of one centimeter.

Basic Drive

Fundamental motivational forces that drive behavior, such as hunger, thirst, sex, and avoidance of pain.

Personality Development

The growth and change in an individual’s character and behavioral traits over their lifespan.