Dmitri Values Flexibility and Human Relations While Making Decisions

question 83

Multiple Choice

Dmitri values flexibility and human relations while making decisions. He prefers broad and global issues, tends to avoid details during problem solving, and is comfortable with intangibles. Dmitri is most likely a(n) _____.

• A) sensation feeler
• B) idealistic thinker
• C) sensation thinker
• D) intuitive feeler
• E) intuitive thinker

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Definitions:

Consumer Surplus

The split between the sum consumers would ideally pay for a good or service and the sum they actually end up paying.

Producer Surplus

The discrepancy between the price at which sellers are prepared to offer a product and the actual selling price they obtain.

Market Failure

The failure of a market to be efficient; when the individual pursuit of self-interest leads to bad results for society as a whole.

Market Power

The ability of a producer to raise prices.