What Is Another Name for the Members of Generation 1

question 2

Multiple Choice

What is another name for the members of generation 1.5 Enriquez discusses?

• A) Gen-X
• B) 1.5% of the millennial generation
• C) second-generation citizens
• D) DREAMers

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Definitions:

Willingness to Pay

The maximum amount an individual is prepared to spend on a good or service, reflecting the value they place on it.

Consumer Surplus

The discrepancy in the total charges consumers are prepared and economically able to bear for a good or service, and the charges they actually bear.

Willingness to Pay

The maximum amount an individual is prepared to spend for a good or service, reflecting the value they assign to it.

Consumer Surplus

The difference as marked by what consumers are prepared to spend on a good or service versus the actual payment made.