Case 17.1 ​

question 9

Multiple Choice

Case 17.1
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William is a 38-year-old computer systems executive.He has come to a point in his life where he is reassessing his ambitions and personal life.He attends professional development conferences regularly and is working on an MBA.Although he eats a low-fat diet and exercises regularly,he works 70-80 hours a week,seldom sees his children except after they are in bed,does not visit his place of worship except on religious holidays,and feels as though his wife is a stranger.William believes that if he can earn just 20 percent more,he can relax because his family will be financially secure.
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-Refer to Case 17.1.The nonfinancial resource that is most obviously missing from William's life is which of the following?​

• A) ​Self-esteem
• B) Education and training​
• C) Leisure time​
• D) Healthy diet​

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Definitions:

Unemployment

Unemployment refers to the situation where individuals who are capable of working and actively seeking work are unable to find a job.

Economy's Natural Ability

The inherent capacity of an economy to grow and adapt over time, based on resources, technology, and human capital.

Active Economic Policy

Government interventions aimed at influencing the economy through measures such as fiscal and monetary policies to achieve specific macroeconomic objectives.

Law of Diminishing Returns

An economic principle stating that adding an additional factor of production results in smaller increases in output after a certain point.