The Concept of Opportunity Cost Is Based on the Principle

question 202

Multiple Choice

The concept of opportunity cost is based on the principle of

• A) need.
• B) consumption.
• C) scarcity.
• D) profit.

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Definitions:

White Rat

Traditionally used in scientific research, especially in psychology and behavioral studies, due to its ease of handling and consistent biological traits.

Loud Noise

Sound that is at a high volume level, potentially causing disturbance or discomfort.

Startle and Fear Response

A physiological and psychological reaction to unexpected stimuli or perceived threats, involving autonomic nervous system activation.

Oedipus Complex

A Freudian concept asserting that a child experiences unconscious desire for the opposite-sex parent and jealousy towards the same-sex parent, typically between the ages of three and five.