David Finds He Has One Hour of Time in the Evening

question 55

Multiple Choice

David finds he has one hour of time in the evening to allocate on the first day of the new semester.He can do one of two things.He can watch TV for one hour or he can open his economics textbook and read for an hour.The benefit of watching TV is 30;the benefit of reading about economics is 20.
-If David applies the cost-benefit principle accurately,he will

• A) read about economics.
• B) watch TV.
• C) watch TV but fret that he should be reading economics.
• D) read about economics but resent missing TV.
• E) flip a coin,because the economic surplus is the same either way.

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Definitions:

Trust

The belief in the reliability, truth, ability, or strength of someone or something, often considered foundational in social and personal relationships.

Infancy

A developmental period in humans from birth to about 18 months of age, characterized by rapid physical and cognitive growth.

Adolescence

The transitional phase of growth and development between childhood and adulthood, characterized by physical, psychological, and social changes.

Postconventional Morality

A level of moral reasoning in Kohlberg's theory that is based on self-chosen ethical principles.