When Julius Hears That There Are Going to Be Cutbacks

question 114

Multiple Choice

When Julius hears that there are going to be cutbacks in his department, he immediately calls his supervisor and asks for an appointment. During that meeting he presents a very straightforward list of the ways in which he has been an asset to the company, proposes ways that he can help the company overcome its economic difficulties, and emphasizes his dedication and loyalty to the company. Julius is using ____-focused coping to deal with his employment uncertainty.

• A) ​problem
• B) solution​
• C) emotion​
• D) structure​

---

Definitions:

Private Value

The value of a good or service to an individual buyer or seller which is independent of the market price or the value others might derive from it.

Externalities

Results of business activities on external entities not considered in the product or service's price.

Cars And Trucks

General categories of motor vehicles primarily used for transportation of people (cars) and goods (trucks).

Socially-Optimal Quantity

The level of production and consumption that achieves the largest possible economic efficiency, taking into account the external effects on society.