A Person's _____ Influences His/her Subjective Norms

question 41

Multiple Choice

A person's _____ influences his/her subjective norms.

• A) peer base
• B) family
• C) inner value system
• D) All of these influence subjective norms

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Definitions:

Exchange

The act of trading goods, services, currencies, or other items of value between parties.

Comparative Advantage

The ability of an individual or country to produce a good or service at a lower opportunity cost than competitors.

Production Possibilities Curve

A graph that shows the combinations of two goods that an economy can produce using all its resources efficiently.

Comparative Advantage

The capacity of a party to produce products or services with a lesser opportunity cost compared to others.