(Table) the Following Table Shows Data on Consumption at Various

question 241

Multiple Choice

(Table) The following table shows data on consumption at various levels of income. $$\begin{array} { r c } \text { Income } & \text { Consumption } \\\$ 0 & \$ 200 \\\$ 1,000 & \$ 1,000 \\\$ 2,000 & \$ 1,800 \\\$ 3,000 & \$ 2,600 \\\$ 4,000 & \$ 3,400 \\\$ 5,000 & \$ 4,200 \\\$ 6,000 & \$ 5,000\end{array}$$ Investment spending is $600. If there is no government spending or net exports, the equilibrium income level is:

• A) $1,000.
• B) $2,000.
• C) $3,000.
• D) $4,000.

Describe the impact of childhood experiences on adult personality as discussed in psychoanalytic theory.

Explain Freud's view on the formation of personality in response to biological impulses and social restraints.

Understand and apply the concept of marginal utility.

Interpret utility schedules and identify instances of diminishing marginal utility.

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Definitions:

Emerging Adulthood

a phase of the life span between adolescence and full-fledged adulthood, characterized by exploration and uncertainty.

Static Personality

A concept suggesting that an individual's personality traits remain consistent and unchanged over time.

Intimacy Versus Isolation

A stage in Erik Erikson's psychosocial development theory where adults face the challenge of forming close relationships with others versus experiencing loneliness and isolation.