How Are Money Cost and Opportunity Cost Related to Each

question 192

Multiple Choice

How are money cost and opportunity cost related to each other?

• A)If markets function well, they are closely related.
• B)They are always identical in any economic system.
• C)Opportunity cost must always exceed money cost.
• D)Money cost is greater than or equal to opportunity cost.
• E)In a market economy, they must be equal to each other.

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Definitions:

Irrational Negative Thinking

A pattern of thought characterized by distorted, pessimistic biases, unfounded on reason or factual evidence.

Countercondition

A behavioral therapy technique where an undesired response to a stimulus is replaced with a desirable one through association of the stimulus with a different, positive condition.

Token Economy

A token economy is a behavior modification system used to increase desirable behavior and decrease undesirable behavior with the use of tokens (symbols) that can be exchanged for rewards.

Behavior Therapy

A therapeutic approach that seeks to change potentially self-destructive or unhealthy behaviors through a variety of techniques.