One Reads in the Newspaper: "Today the President and Congress

question 182

Multiple Choice

One reads in the newspaper: "Today the president and Congress enacted a law which adds new requirements that child care providers must meet before they can offer their services for sale." As a result, an economist would predict that

• A)the supply of child care services will increase, thus lowering the price of child care services.
• B)the supply of child care services will be unaffected by the stiffer requirements and therefore the price of child care services will not change.
• C)the demand for child care services will fall because people who buy child care services do not want stiffer requirements placed on child care providers.
• D)the supply of child care services will decrease, thus raising the price of child care services.

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Definitions:

Pessimistic Attitude

A tendency to focus on the negatives and expect unfavorable outcomes, often affecting an individual's mood and behavior.

Successful Agers

Successful agers refers to individuals who maintain physical health, cognitive function, and active engagement with life as they grow older, often studied in gerontology for insights into aging well.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, superego, and reality, playing a key role in problem-solving and reality-testing.

Similarity

The state of being alike or sharing common features, often used to describe comparisons between objects, ideas, or individuals.