Fifteen-Year-Old Kristi Was Adopted When She Was an Infant

question 11

Multiple Choice

Fifteen-year-old Kristi was adopted when she was an infant. Her adult weight is best predicted by the:

• A) weight of her adoptive parents.
• B) average weight of individuals in her age-cohort group.
• C) weight of her biological parents.
• D) average weight of her adoptive siblings.

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Definitions:

Opportunity Cost

The cost of foregone alternatives, representing the benefits that could have been received by choosing the next best alternative.

Subjective Values

The personal importance or worth that an individual places on a good or service, which can vary greatly between people.

Time Costs

The opportunity costs associated with the time spent on an activity instead of other, potentially more valuable, activities.

Transaction Costs

Expenses incurred in making an economic exchange, including search, bargaining, and enforcement of contracts.