Just Before Class, Jim Tells Stuart, "Stuart, You Shouldn't Skip

question 70

Multiple Choice

Just before class, Jim tells Stuart, "Stuart, you shouldn't skip class today because you have paid tuition to enroll in the class." Stuart ignores Jim's advice, and instead makes the decision of whether to attend based on what he feels he'd be missing that day in class relative to his value of the extra time he could have to finish the video game he is playing. To an economist, Stuart is

• A) using marginal decision making.
• B) ignoring the total value of attending class.
• C) ignoring the concept of opportunity cost.
• D) committing the fallacy of composition.

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Definitions:

Peer Behavior

The actions or reactions of individuals of the same age or maturity level, influencing or reflecting social norms or group dynamics.

Adolescents' Perceptions

The way in which adolescents interpret and understand their environments, experiences, and themselves.

Ethnic Identity

A person's sense of belonging to a particular ethnic group, including aspects of culture, tradition, language, and heritage.

Adjustment Skills

Abilities that allow individuals to manage and adapt to the challenges and changes in their lives effectively.