In Order to Improve Living Standards for Future Generations, the Economy

question 178

Multiple Choice

In order to improve living standards for future generations, the economy must

• A)sacrifice consumer goods today.
• B)reduce its investment goods.
• C)increase government spending.
• D)reduce growth in the population.

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Definitions:

Deliberate Action

An intentional, conscious behavior directed towards achieving a specific goal or outcome.

Kinship Care

A form of foster care in which a relative, usually a grandmother, becomes the approved caregiver.

Initiative Versus Guilt

Erikson’s third psychosocial crisis, in which young children undertake new skills and activities and feel guilty when they do not succeed at them.

Erikson

Erik Erikson, renowned for his eight-stage theory of psychosocial development, which outlines how people evolve through the social influences throughout their lives.