Matt Is Generally an Unhappy Person with a Pessimistic Outlook

question 49

Multiple Choice

Matt is generally an unhappy person with a pessimistic outlook on life. After a few years of trying and getting rejected, he finally gets accepted into medical school. For a few months, he is extremely happy. However, he soon returns to his previous, unhappy state. This scenario illustrates the ____.

• A)hedonic treadmill
• B)catharsis theory
• C)risk-as-feelings hypothesis
• D)broaden-and-build theory

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Definitions:

Market Price

The present cost at which a service or asset is available for purchase or sale in a specific market.

Profit

The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes involved in sustaining the activity.

Price

The total money needed for acquiring a good, service, or asset.

Short Run

A period during which at least one of a firm's inputs is fixed, limiting its capacity to adjust to changes in demand.