_____ Is Defined as a Steadiness or Balance in Your

question 72

Multiple Choice

_____ is defined as a steadiness or balance in your bodily state.

• A) Homeostasis
• B) Incentive
• C) Instinct
• D) Arousal

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Definitions:

Hourly Wages

The amount of money paid to an employee for one hour of work.

Income Effect

Variations in the income levels of individuals or economies and the resultant effects on the demand for goods or services.

Substitution Effect

The economic understanding that as prices rise or incomes decrease consumers will replace more expensive items with less costly alternatives.

Hourly Wages

The amount of earnings paid to an employee for each hour worked.