Logan Is an Unsuccessful Businessman Who Feels Little Satisfaction with Life

question 411

Multiple Choice

Logan is an unsuccessful businessman who feels little satisfaction with life. To

• A) increase his subjective well-being, Logan should imagine what his own life might be like if he became rich and famous.
• B) compare himself with friends who became rich and successful.
• C) recall past moments when his life was much more pleasant than it is now.
• D) imagine what his life might be like if he were suffering from a fatal disease.

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Definitions:

Human Capital

The economic value of an individual's skills, knowledge, and experience, considered in terms of the ability to perform labor to produce economic value.

Economic Cost

The total cost of choosing one action over another, including both explicit and implicit costs.

Market Rate of Interest

The prevailing interest rate available in the marketplace on loans, determined by the supply of and demand for funds.