In Developed Industries,the Interest Rate Tends to Be Lower Than

question 7

Multiple Choice

In developed industries,the interest rate tends to be lower than in newer industries.What could explain this?

• A) greater demand for loans in the developed industry
• B) greater supply for loans in the new industry
• C) greater demand for loans in the new industry
• D) lower supply for loans in the developed industry

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Definitions:

Hedonic Treadmill

A theory suggesting that people maintain a relatively constant level of happiness despite changes in fortune or achievements due to quickly adjusting expectations.

Happiness Or Unhappiness

A state of well-being characterized by emotions ranging from contentment and satisfaction to joy, or the lack thereof.

Constant Levels

Conditions or values in an experiment or study that are kept the same throughout the procedure to ensure that the results are due to the variable being tested.

Repressing Anger

Definition: The psychological process of consciously suppressing or holding back feelings of anger, which can have various emotional and health implications.