_____________ refers to the health and happiness of the total person, involving body, mind, and spirit and includes measures of life expectancy, health, and education
a. Psychographics
b. Well-being
c. Positive sociology
d. Assimilation
B
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At the midpoint of a straight-line demand curve, the price elasticity of demand is:
A. greater than one. B. zero. C. less than one. D. equal to one.
You decided to take a college accounting course to brush up on your knowledge of the language of business. The tuition expense was $500. After the date has expired to receive a refund for the course, you are offered a job that would conflict with your class time. In making the decision to accept or decline
A. the opportunity cost of the job. B. the expected gain in pay from taking the accounting course. C. a sunk cost. D. a sunk benefit.
?Exhibit 10A-1 Aggregate demand and supply model
Based on Exhibit 10A-1, when the aggregate demand curve shifts to the position AD2 and the economy is operating at point E2, the economy's position of long-run equilibrium corresponds to point:
A. E1. B. E2. C. E3. D. E1 or E3.
Which of the following is the best measure of the effects of a recession?
A. Cross-price elasticity of demand. B. Utility-maximizing rule. C. Income elasticity of demand. D. Price elasticity of demand.