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The Opportunity Cost of Something Is What You Give Up

question 116

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The opportunity cost of something is what you give up to get it.


Definitions:

Self-Discipline

refers to the ability to regulate oneself, including one’s emotions, thoughts, and behaviors, in a way that is consistent with long-term goals.

Self-Efficacy

Refers to an individual's belief in their own ability to succeed in specific situations or accomplish a task.

Social Support

Assistance or comfort provided by others, such as family, friends, and the community, which contributes to an individual's well-being.

Self-Esteem

A person's personal subjective assessment of their own value based on their emotions.

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