Travis Is a Participant in the X-Games Every Year, Which

question 161

Multiple Choice

Travis is a participant in the X-games every year, which features events that are high flying and exhilarating to watch or participate in, but also very dangerous to the competitors. Because Travis is willing to take chances with his health to get the adrenaline rush from these sorts of events, Costa and McCrae would argue that he ranks high on which of the five factors?

• A) openness
• B) neuroticism
• C) conscientiousness
• D) extraversion

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Definitions:

Competitive Firm

A business that operates in a market where it has multiple competitors, and no single firm can influence the market price of goods or services.

Short Run

A time period in economics where at least one input is fixed, restricting the ability to adjust production levels fully.

Long Run

A timeframe during which all production factors and expenses can change, permitting adjustments to all inputs.

Allocative Efficiency

A state of the economy in which production is in accordance with consumer preferences; every good or service is produced up to the point where the last unit provides a utility to consumers equal to the cost of producing it.