The Opportunity Cost of an Action

question 11

Multiple Choice

The opportunity cost of an action:

• A)​can be objectively determined only by economists.
• B)​is a subjective valuation that can only be determined by the individual who chooses the action.
• C)​can be determined by adding up the dollar costs incurred as a result of the action.
• D)​can be determined by considering both the benefits that flow from as well as the monetary costs incurred as a result of the action.

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Definitions:

Psychoanalysis

A set of psychological theories and therapeutic methods which focus on the unconscious mind, developed by Freud.

Communication Problems

Difficulties in exchanging information, where messages may not be effectively transmitted or understood.

Genital Level

A phase in psychoanalytic theory associated with mature adult sexuality and the harmonious integration of love and sexual desire, typically emerging during puberty.

Psychoanalyst

A therapist who practices psychoanalysis, a therapeutic technique originally developed by Sigmund Freud that explores unconscious motivations and conflicts.