The Concept of Opportunity Cost in a Fully Employed Economy

question 184

Multiple Choice

The concept of opportunity cost in a fully employed economy with technology and resources held constant tells us that

• A)expansion of output in one industry means expansion cannot occur in another industry.
• B)expansion of output in one industry means output in another industry must contract.
• C)output cannot be increased in any industry.
• D)output of all industries must contract until more resources are found.

Analyze the role of self-esteem and self-efficacy in individuals' perceptions of control and success.

Identify effective principles of goal setting.

Grasp the methods and approaches used in behavioral assessments and psychological testing.

Understand the concepts of behavioral consistency and personality shaping factors.