​Which of the Following Best Describes the Economic Concept of Utility

question 1

Multiple Choice

​Which of the following best describes the economic concept of utility?

• A) Utility is the total number of units a consumer buys.
• B) Utility measures the usefulness of goods, such as tools or food, and so goods such as artwork or attractive landscaping by definition has no utility.
• C) Utility measures the satisfaction, or pleasure, that people receive from consuming a good or service.
• D) None of the above are correct.

Learn the role of reinforcement (positive and negative) in shaping behavior.

Identify the relationship between reinforcement schedules and resistance to extinction.

Understand the concept and importance of evidence-based practice in psychotherapy.

Recognize the emerging trends and predicted shifts in psychotherapy methods according to mental health experts.

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Definitions:

Spirituality

The quality of being concerned with the human spirit or soul as opposed to material or physical things, often involving personal growth, a quest for meaning, or a connection with something greater.

Personal Control

The belief in an individual’s capacity to influence and direct their own environment and outcomes.

AIDS

Acquired Immunodeficiency Syndrome, a chronic, potentially life-threatening condition caused by the human immunodeficiency virus (HIV) attacking the immune system.

Energy

The capacity to do work or the physical and mental strength that enables an individual to perform activities.