According to the Discussion in the Text About Personal Goals

question 67

Multiple Choice

According to the discussion in the text about personal goals, it is important to have the ability to

• A) focus primarily on general, long-term goals.
• B) make connections between short- and long-term goals.
• C) focus primarily on very specific goals.
• D) set general goals that are separate from your daily activities.

---

Definitions:

Government Subsidy

refers to financial support provided by the government to businesses, individuals, or other governmental entities to encourage or support certain activities or reduce their costs.

Welfare Payments

Government-provided financial assistance to individuals or households, typically aimed at supporting those who are unemployed, disabled, or on a low income.

Efficiency Loss

The reduction in economic welfare or efficiency that occurs when a market does not allocate resources optimally, often due to externalities or market power.

Demand Curves

A visual depiction showing how the price of a product relates to the amount people want to buy.