Individuals Do Not Experience Opportunity Costs Unless External Costs Occur

question 6

True/False

Individuals do not experience opportunity costs unless external costs occur.

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Definitions:

Balance and Equilibrium

The state of psychological stability achieved when tensions or conflicts are managed and personal needs are adequately met.

American Psychoanalytic Association

A professional organization dedicated to the study and practice of psychoanalysis in the United States.

Informality

A behavior or manner that is relaxed and casual, not conforming strictly to traditional standards or rules.

Trieb

A German term used by Freud, often translated as "drive" or "instinct", referring to the internal forces that motivate behavior.