Implicit Cost Is the Opportunity Cost of the Inputs That

question 128

True/False

Implicit cost is the opportunity cost of the inputs that do not require monetary payment.

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Definitions:

Cognitive Dissonance

The discomfort in one's mind arising from the coexistence of opposing beliefs, ideas, or values.

Physical Arousal

The physiological response of the body to stimuli, evident in signs such as increased heart rate, sweating, or rapid breathing.

Inner Awareness

Inner awareness is the subjective experience of one's thoughts, feelings, and sensations; an introspective attention to one's internal state.

Kin Selection Hypothesis

A theory in evolutionary biology suggesting that behaviors that help a genetic relative are favored by natural selection.