Of the Factors Listed Below, the Strongest Predictor of a Person's

question 101

Multiple Choice

Of the factors listed below, the strongest predictor of a person's happiness is ____.

• A) one's income (relative to the average income for his/her demographic)
• B) the number of blood relatives with whom a person regularly communicates
• C) one's level of physical health
• D) how happy the person was 10 years earlier

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Definitions:

Comparative Advantage

The capacity of a person or a team to perform a specific financial task more effectively than other tasks.

Consumption Habits

The patterns or behaviors of individuals or groups in purchasing and using goods and services.

Dumping

Selling goods in a foreign market at a price below their cost of production or below the price in the domestic market.

Comparative Advantage

The principle that a country, individual, or company has over another in producing a particular good or service at a lower opportunity cost, allowing for beneficial trade and specialization.