You Have Chosen to Take a Trip During Spring Break

question 335

Multiple Choice

You have chosen to take a trip during spring break.If you had not gone,you would either have worked at a temporary job or studied for exams.The opportunity cost of your trip is

• A) the wages you would have earned from working.
• B) the lower grade earned by not studying.
• C) the wages you would have earned from working and the lower grade earned by not studying.
• D) the value of the trip.
• E) We cannot determine what the opportunity cost is without knowing which alternative, working or studying, you would have preferred.

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Definitions:

Theory of Mind

The cognitive ability to understand that others have beliefs, desires, and intentions that are different from one's own.

Piaget

Swiss psychologist known for his pioneering work in child development and his theory of cognitive development stages.

Development

The process of growth or improvement over time, which can refer to physical, cognitive, social, or emotional changes in living organisms.

False Beliefs

Convictions or understandings that are not aligned with the actual truth or reality.