Jennifer Works at a University Where There Is a Very

question 117

Multiple Choice

Jennifer works at a university where there is a very useful employee benefit.Each employee can "donate" their accrued sick days to a central "Sick Bank," so that any employee who has an extended illness does not have to lose their pay after they've used up their own sick days.Jennifer donates one of her sick hours to the sick bank per week to help the entire community of employees benefit.This is an example of __________.

• A) idealism
• B) mutual cooperation
• C) egoism
• D) collectivism

---

Definitions:

Inflation

The speed at which the overall price level for goods and services increases, thereby diminishing the buying power.

Shoeleather Costs

The resources wasted when inflation encourages people to reduce their money holdings.

Money Holdings

The amount of cash or liquid assets that a person or entity possesses at any given time.

Money Supply

The whole amount of money resources available in an economy at a given interval.