Based on the Equity Principle, You Can Most Easily Achieve

question 151

Multiple Choice

Based on the equity principle, you can most easily achieve a good relationship if you seek a partner who is

• A) much more attractive than you are.
• B) much less attractive than you are.
• C) much wealthier than you are.
• D) as similar to you as possible.

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Definitions:

Less Durable

Describes goods or products that have a shorter usable lifespan before they degrade, wear out, or become obsolete.

Inferior Goods

Products whose demand decreases as the income of consumers increases, due to the availability of better or more desirable alternatives.

Income

The financial gain that an individual or business receives, typically through employment, investment, or business ventures.

Utility Function

A mathematical representation in economics that ranks preferences or satisfaction levels consumers receive from consuming goods and services.