Positive Psychology Is Based on These Three Aspects

question 58

Multiple Choice

Positive psychology is based on these three aspects.

• A) The symbiosis of nature, nurture, and karma
• B) The inspiration of environment, culture, and attitude
• C) Purpose in life, meaning in life, and fulfillment of purpose
• D) The influence of parents, grandparents, and siblings
• E) The study of happiness, positive virtues, and positive institutions

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Definitions:

Income Effect

Describes how a change in an individual's income affects their purchasing decisions.

Substitution Effect

The shift in buying habits because of variations in the prices of different products, causing individuals to substitute pricier options with more affordable ones.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate in an economy.

Time Allocation

The decision about how many hours to spend on different activities, which leads to a decision about how much labor to supply.