You Really Want to Buy a New Phone, but You

question 77

Multiple Choice

You really want to buy a new phone, but you know that you should really not spend the money. As you walk through the mall and get closer and closer to the phone store, motivational conflict theory predicts that

• A)your feeling to not spend the money grows stronger
• B)your desire to buy the phone gets stronger
• C)you will literally stop because you cannot go forward or back
• D)you will reassess the need to not spend money
• E)you decide to buy the phone and a nice case

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Definitions:

Labor Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Real Income Per Capita

A measure of the average income earned per person in a given area adjusted for inflation, reflecting the actual purchasing power of individuals.

Per Capita Income

The average income earned per person in a given area in a specified year, used as an indicator of the economic health of a region.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by the change in Real GDP.