Opportunity Cost Refers to How Many Inputs a Producer Requires

question 153

True/False

Opportunity cost refers to how many inputs a producer requires to produce a good.

---

Definitions:

Behaviorism

An approach to psychology that emphasizes the study of observable behavior and the role of the environment and prior experience as determinants of behavior.

Psychoanalysis

A therapeutic approach founded by Sigmund Freud, focusing on unconscious processes and childhood experiences.

Gestalt Psychology

A psychological approach that emphasizes the whole of anything is greater than its parts, focusing on perception and problem-solving.

Functionalism

An early psychological approach that emphasized the function or purpose of behavior and consciousness.