The Highest Valued Alternative That Is Foregone When You Choose

question 214

Multiple Choice

The highest valued alternative that is foregone when you choose an action is called its:

• A) opportunity cost.
• B) utility.
• C) scarcity.
• D) benefit.

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Definitions:

Pleasure-Seeking Energies

A term likely referring to the psychoanalytic concept of drives that seek immediate gratification to maximize pleasure, NO.

Superego

A component of Sigmund Freud's psychoanalytic theory, representing the moral conscience and the internalization of societal norms and values.

Guilt

A feeling of responsibility or remorse for some offense, crime, wrong, whether real or imagined.

Mediates

To intervene between parties with the aim of resolving differences or to bring about a change through such an intervention.