If Jessie Studies Economics for Two Hours Instead of Going

question 38

Multiple Choice

If Jessie studies economics for two hours instead of going to the movies with her friends,then

• A) the benefit of studying is the missed movie.
• B) the opportunity cost of studying is the missed movie.
• C) Jesse definitely is making a rational choice.
• D) Jessie is ignoring a sunk cost.
• E) Jessie is not responding to any incentives.

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Definitions:

Plato

An ancient Greek philosopher renowned for his contributions to Western philosophy, including his theory of forms and dialogues on ethics and epistemology.

Passion and Reason

The interplay between one's emotions driving intense pursuit of activities (passion) and the logical analysis of actions and their consequences (reason).

Introversion

A personality attribute that prioritizes internal emotions over external forms of excitement.

Extraversion

A personality trait characterized by outgoingness, high energy, and positive affectivity, indicating a person’s tendency to seek stimulation and enjoy the company of others.