When One Person's Benefits and Costs in a Relationship Are

question 84

Multiple Choice

When one person's benefits and costs in a relationship are similar to the benefits and costs experienced by a friend,the relationship may be characterized as one with

• A) high equity.
• B) high dominance.
• C) low stress.
• D) low incompatibility.

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Definitions:

Privately Owned

Refers to properties, businesses, or assets that are owned by individuals or private companies and not by the state or public entities.

Price System

A mechanism through which prices adjust to balance supply and demand for goods and services in an economy.

Centralized Planning

A system of economy where all choices related to the creation and allocation of goods and services are made by a central governmental body.

Competitive Markets

Markets where many buyers and sellers trade goods and services under conditions of few restrictions, leading to the best prices for both parties.