The Idea of Opportunity Cost Is Relevant

question 154

Multiple Choice

The idea of opportunity cost is relevant

• A)only in consumption decisions.
• B)only in production decisions.
• C)only in financial decisions.
• D)in almost any kind of decision.

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Definitions:

Obsessive-Compulsive Disorder

A mental disorder characterized by intrusive thoughts (obsessions) and repetitive behaviors (compulsions) performed to alleviate anxiety.

Irresistible Urges

Compelling desires or impulses that are difficult to control or resist.

Thoughts

The mental process of considering, reasoning, or remembering; cognitive units that form the contents of the mind.

Behaviors

Observable actions or responses of an organism or system.