Levon Has a Type B Personality

question 58

Multiple Choice

Levon has a Type B personality. Which of the following is most likely?

• A) Levon is determined to achieve.
• B) Levon is competitive.
• C) Levon gets easily upset.
• D) Levon is relaxed.
• E) Levon is very ambitious.

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Definitions:

Product Market

A marketplace where final goods or services are bought and sold by consumers, businesses, and the government.

Laissez-Faire Capitalism

A hypothetical economic system in which the government’s economic role is limited to protecting private property and establishing a legal environment appropriate to the operation of markets in which only mutually agreeable transactions take place between buyers and sellers; sometimes referred to as “pure capitalism.”

Specialization

The use of the resources of an individual, a firm, a region, or a nation to concentrate production on one or a small number of goods and services.

Total Output

The total amount of goods or services produced by an economy, industry, company, or individual over a specific period.