Most People Do Not Seem to Seek Out Endless Numbers

question 13

Multiple Choice

Most people do not seem to seek out endless numbers of friends; having ____ close friends seems to be enough.

• A) one or two
• B) two or three
• C) four to six
• D) eight to twelve

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Definitions:

Equilibrium Level

In economics, the point at which market supply equals demand, and there is no tendency for change in price or quantity.

Potential Level

The maximum output an economy can produce without leading to inflation, when resources such as labor and capital are fully utilized.

Classical Economists

Economists from the 18th and 19th centuries who focused on the ideas of free markets, the law of supply and demand, and the role of competition in regulating economic activity.

Investment

The allocation of resources, usually money, with the expectation of generating an income or profit.