Meridith Had Only $16 to Spend This Last Weekend

question 74

Multiple Choice

Meridith had only $16 to spend this last weekend.She was,at first,uncertain about whether to go to two movies she had been wishing to see or to buy a new CD she had recently heard.In the end she went to the movies.Which of the following statements is correct?

• A)The choice of the two movies and not the CD is an example of increasing costs.
• B)The opportunity cost of the two movies is one CD.
• C)The opportunity cost of the two movies is $16.
• D)The choice of two movies rather than one CD was a bad one.

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Definitions:

Social Control

Mechanisms, strategies, and institutions by which societies attempt to regulate individual behavior to maintain order and conformity.

Evolutionary Psychology

A theoretical approach in the social and natural sciences that examines psychological structure from a modern evolutionary perspective.

Sociobiology

A branch of biology that explains social behavior in all species by considering evolutionary advantages and genetics.

Mores

The essential or characteristic customs and conventions of a community.