Consumers Are Sovereign When

question 295

Multiple Choice

Consumers are sovereign when

• A) prices are decided by sellers.
• B) they control the government.
• C) they can prevent market failure.
• D) they have the freedom to decide what they wish to purchase.

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Definitions:

Primary Appraisal

An individual’s assessment of an event to determine whether its implications are positive, negative, or neutral.

Emotional Insulation

A psychological defense mechanism where individuals protect themselves from potentially distressing emotions by detachment or non-engagement.

Defensive Coping

Unconscious strategies that distort or deny the true nature of a situation.

Hardiness

A personality characteristic associated with a lower rate of stress-related illness.