Which of the Following Is a Likely Consequence of Escapist

question 122

Multiple Choice

Which of the following is a likely consequence of escapist activities?

• A)improved long-term planning
• B)inhibited actions
• C)reduced self-awareness
• D)reduced capacity for pleasure

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Definitions:

Perfectly Competitive Industry

An industry structure where many firms sell identical products, entry and exit are easy, and no single seller controls the market price.

Market Price

The price at which a good or service can be bought or sold in a marketplace, determined by supply and demand.

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information.

Inelastic Demand

Demand that responds somewhat, but not a great deal, to changes in price. Inelastic demand always has a numerical value between zero and 1.