Which of the Following Is NOT One of the Three

question 93

Multiple Choice

Which of the following is NOT one of the three dimensions of sustainability?

• A) social
• B) economic
• C) technological
• D) environmental

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Definitions:

Income Effect

The variation in a person's or economy's earnings and its impact on the demand levels for a particular product or service.

Substitution Effect

Describes the change in the consumption of goods as a result of changes in their relative prices, holding the consumer's level of utility constant.

Hourly Wage

The amount of money paid to an employee for each hour worked, often set by legal minimum wage laws or by agreement between employer and employee.

Fringe Benefits

Fringe Benefits are additional benefits supplementing an employee's salary, such as health insurance, paid vacations, and retirement plans.