A Functional Equivalent of Religion Might Be

question 4

Multiple Choice

A functional equivalent of religion might be

• A) the older gentleman who plays golf "religiously" to help him cope with his fear of dying.
• B) someone joining a club to find friends and a supportive community.
• C) devoting oneself to helping the poor to feel that one's life is useful.
• D) all of the above

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Definitions:

Human Capital Investment

Spending on education, training, health, and other personal capacities that improve an individual's productivity and quality of life.

Short Run

A time period in which at least one factor of production is fixed, limiting the ability of firms to adjust to market changes.

Long Run

A period in which all factors of production and costs are variable, allowing full industry adjustment.