According to Hans Selye and the General Adaptation Syndrome, Our

question 199

Multiple Choice

According to Hans Selye and the general adaptation syndrome, our response to stress has both a rapid phase and slower, continued phase. If you are in the rapid portion, what is happening?

• A)Parasympathetic activation and the release of CCK
• B)Increased heart rate and the release of an antigen
• C)Sympathetic activation and the release of cortisol
• D)Sympathetic activation and a decrease in immune fumction
• E)Central nervous system activation and the release of dopamine

Differentiate between simple and compound interest and their effects on investments.

Comprehend the significance of the discount rate in determining the present value of future cash flows.

Recognize the importance of the time value of money in financial decision making.

Calculate the future value of investments given various compounding periods and interest rates.

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Definitions:

Allocative Efficiency

Refers to a state in which resources are distributed in a way that maximizes the net benefit to society, ensuring that goods and services are produced at the right quantities to meet consumer preferences.

Long-run Equilibrium

A state in which all factors of production are optimally distributed meeting the demands of consumers; also, a point where economic forces such as supply and demand are balanced.

Marginal Cost

The change in total cost that arises when the quantity produced is incremented by one unit.

Economic Efficiency

A situation where resources are allocated in a way that maximizes the net benefit to society.