Diego Began His First Job Out of College with a Consulting

question 102

Multiple Choice

Diego began his first job out of college with a consulting firm,and wants to make a good impression upon his supervisors.He noticed the attire of the associates when he interviewed,and he decided to mimic them by wearing power-suits and Italian shoes.What social factor most influences Diego's wardrobe?

• A)Culture
• B)Reference group
• C)Family
• D)Peer group
• E)Subculture

---

Definitions:

Equilibrium

A state of balance in a market, where demand equals supply, and economic forces are at rest.

Welfare Economics

Normative evaluation of markets and economic policy.

Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices and quantities.

Efficient

Refers to a level of performance that uses the least amount of inputs to achieve the highest amount of output.