Suppose That,instead of Taking This Test,you Could Either Have Worked

question 47

Multiple Choice

Suppose that,instead of taking this test,you could either have worked and earned income or partied and had a pleasurable time.Your opportunity cost of taking the test is the

• A) forgone work.
• B) forgone party.
• C) forgone working and partying.
• D) forgone working or partying, depending on which was your next best choice.
• E) test because you are taking it.

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Definitions:

External Locus

A belief that one's outcomes are determined by forces outside individual control, such as luck or other external factors.

Personality Factor

A characteristic or trait that contributes to the way an individual's thoughts, feelings, and behaviors are organized.

Single Trait

A focus on one specific characteristic or quality that is thought to influence behavior or performance significantly in a particular context.

Intellectual Openness

The willingness to consider and engage with ideas and knowledge that differ from one's own perceptions and beliefs.