Jason Failed to Call Home When He Was Going to Be

question 98

Multiple Choice

Jason failed to call home when he was going to be late coming home from his friend's house.An authoritative parent would most likely say:

• A)"You're not going out with that crowd again."
• B)"When you act like an adult,I'll treat you like an adult."
• C)"When you're 18,you can do anything you want; until then,you'll follow our rules."
• D)"Looks like your judgment was off this time; we're disappointed.Let's discuss what went wrong."

Understand the concept of opportunity cost and its implications in resource allocation and decision-making.

Distinguish between positive and normative economics and recognize examples of each.

Comprehend the principles of self-interest and altruism in economic behavior.

Identify the basic differences between macroeconomics and microeconomics.

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