Which of the Following Interventions Are Designed to Ease the Stress

question 47

Multiple Choice

Which of the following interventions are designed to ease the stress associated with child care?

• A) Referral services
• B) On-site child care centers
• C) Flextime
• D) All three are designed to reduce stress

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Definitions:

Substitution Effect

A shift in buying habits resulting from changes in the comparative prices of items, making consumers switch from higher-priced goods to those that are more affordable.

Price Change

A variation in the cost of goods or services over time in the marketplace.

Substitution Effect

The substitution effect occurs when consumers replace pricier items with less expensive alternatives as prices rise, thereby altering their consumption patterns.

Demand Reduction

A decrease in the quantity of a good or service that consumers are willing and able to purchase at a given price.