John Has Two Hours of Free Time This Evening

question 11

Multiple Choice

John has two hours of free time this evening.He ranked his alternatives,first go to a concert,second go to a movie,third study for an economics exam,and fourth answer his email.What is the opportunity cost of attending the concert for John?

• A)Answering his email
• B)Going to the concert because that is what John chose to do
• C)Attending a movie
• D)Attending a movie,studying for an economics exam,and answering his email
• E)Studying for an economics exam

---

Definitions:

Double-blind Studies

Research experiments where neither the participants nor the experimenters know who is receiving the treatment versus a placebo, minimizing bias.

Placebo Effect

A beneficial effect produced by a placebo drug or treatment, which cannot be attributed to the properties of the placebo itself, and must therefore be due to the patient's belief in it.

Experimenter Effect

The influence that the experimenter's behavior, expectations, or personality may have on the outcomes of a psychological experiment.

Critical Thinking

The process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.