Mathis's Father, Enzo, Is Having Difficulty with His Boss

question 43

Multiple Choice

Mathis's father, Enzo, is having difficulty with his boss. As a result, Enzo is angry when he comes home. He has stopped playing with little Mathis and tends to sit in his chair staring at the television. Enzo's work situation is part of Mathis's:

• A) exosystem.
• B) endosystem.
• C) macrosystem.
• D) microsystem.

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Definitions:

Real Opportunity Cost

The value of the best alternative forgone as a result of making a particular choice, expressed in terms of real goods and services.

Producing Product

The process of creating goods or services that are offered in the market for consumption or use.

Resources

Assets or inputs used to produce goods and services.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating the financial gain in excess of opportunity costs.