Answer:
Opportunity cost is what is given up to obtain something, or the cost of doing something instead of another thing.
The opportunity cost of leisure would be best explained as the monetary value of time spent not working, or in other words, the income that is not received when you are not working.
For example, if a person works 8 hours a day, five days a week, making $20/hour, he will earn, by the end of the week, a total of $800 dollars. However, if he decides to cut back his hours in order to go to swimming classes in the afternoon, and now works 6 hours a day, five days a week, he will now make $600 dollars, so the opportunity cost of leisure for him is $200 dollars.
The personality trait approach has been faulted for lacking the importance of situational factors in personality and behavior, that is, it does not encompass factors that can influence an individual's behavior and attitudes.
The personality traits identified by the theory are:
- Extraversion
- Agreeableness
- Openness
- Conscientiousness
- Neuroticism
In this theory, it is believed that an individual's personality traits are immutable regardless of situational factors, providing general patterns that can help to understand the personality in parts, but not in its entirety.
Therefore, the criticism of personality traits theory is that it does not include environmental factors, experiences, culture and life history of a person, which can also influence the formation of their personality.
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