Romantic Partners Are Happiest When

question 44

Multiple Choice

Romantic partners are happiest when

• A) they get more than they give.
• B) they give more than they get.
• C) there is a balance of giving and getting.
• D) inequity is present.
• E) none of the options is correct

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Definitions:

Long-run Equilibrium

A state in which all aspects of an economy or market are balanced, and all adjustment processes have been completed over time.

Consumer Demand

The desire and ability of consumers to purchase goods and services at given prices within a specific time period.

Competitive Increasing-cost Industry

An industry in which the entry of new firms causes the prices of inputs to increase, affecting the cost of production for all firms.

Long-run Equilibrium

A state in which all factors of production and inputs can be varied, allowing for full adjustment by firms and the economy, and no excess demand or supply exists.