The Text Describes Two Different Types of Mindsets

question 41

Multiple Choice

The text describes two different types of mindsets.They are ______.

• A)growth mindset and stunted mindset
• B)fixed mindset and flexible mindset
• C)growth mindset and fixed mindset
• D)positive mindset and negative mindset

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Definitions:

Potential Level

An economic term referring to the highest level of output an economy can achieve when utilizing all its resources efficiently without triggering inflation.

Stock of Capital

The total value of all durable goods and assets held by an individual, company, or economy that can be used in the production of goods and services.

Expected Price Level

The anticipated average level of prices in the economy, usually considered in terms of inflation or deflation expectations.

Capital Stock

The total amount of physical, human, and intangible assets that a firm uses to generate income, often referred to in the context of fixed capital like machinery and buildings.