Which of the Following Is an Example of a Demand

question 92

Multiple Choice

Which of the following is an example of a demand shock?

• A) a large oil-price increase
• B) the introduction and greater availability of credit cards
• C) a drought that destroys agricultural crops
• D) unions obtain a substantial wage increase

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Definitions:

Birth Cohort

All of the people who are born during a given period of time and therefore experience historical events at the same points in their lives.

Internet-Use

The ways in which individuals or groups utilize the internet for various activities including communication, information seeking, entertainment, and e-commerce.

Preparatory Stage

An early phase in child development according to sociologist George Herbert Mead, where children mimic or imitate others around them without understanding the underlying meanings.

Game Stage

A concept in developmental psychology and socialization referring to the stage where children learn to take the roles of multiple others, understanding and adhering to societal rules and expectations in group activities.