Ellis, Who Is in His 70s, Enjoys Telling His Grandchildren

question 474

Multiple Choice

Ellis, who is in his 70s, enjoys telling his grandchildren about his life experiences. Although he says that there are a few things in his life he regrets, Ellis says overall, "I had a nice ride through life, and you can't ask for anything more than that." According to Erikson, Ellis is exhibiting a great deal of

• A)autonomy.
• B)industry.
• C)generativity.
• D)integrity.

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Definitions:

Indifference Map

A graphical representation in microeconomics, illustrating different bundles of goods between which a consumer is indifferent, showing preferences.

Total Utility

The overall satisfaction or benefit a consumer receives from consuming a specific quantity of a good or service.

Budget Line

A visual depiction showing every potential mix of two products that a specific income and price levels can buy.

Utility

In economics, the total satisfaction received from consuming a good or service.