When David McClelland Compared a Group of College Students with Straight

question 131

Multiple Choice

When David McClelland compared a group of college students with straight A's to another group with poor grades, he found

• A) ​no differences in later career success.
• B) ​that the straight A students had greater success in most fields of endeavor compared to the students with poor grades.
• C) ​that the students with the poor grades had greater success in most fields of endeavor compared to the straight A students.
• D) ​that both of these extreme grade groups had poor career success compared to the average students.

Understand the concept of indifference curves and their shapes based on consumer preferences.

Analyze the effects of income changes on a consumer’s budget line and choices.

Interpret the impact of price changes on a consumer’s budget constraint and optimal consumption choices.

Calculate the slope of the budget line in different scenarios.

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Definitions:

Bank Deposit

Money placed into a banking institution for safekeeping, which can include checking and savings accounts.

Bank Reconciliation

The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.