Students Frequently Learn the Big Five Personality Model by Using

question 109

Multiple Choice

Students frequently learn the Big Five personality model by using the acronym OCEAN,where each letter of the word corresponds to the first letter of one of the factors (openness,conscientiousness,extraversion,agreeableness,neuroticism) .These students are using:

• A) hierarchies
• B) linkage
• C) chunking
• D) primitive features

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Definitions:

Opportunity Cost

The cost of foregone alternatives, representing the benefits one could have received by taking a different decision.

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute one product for another.

Demand Curve

A curve showing the relation between the price of a good and the quantity consumers are willing and able to buy per period, other things constant.

Market Demand Curve

A graphical representation that depicts the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.