What Was One of the Consequences of the Competitive Performance-Oriented

question 104

Multiple Choice

What was one of the consequences of the competitive performance-oriented environment of the industrial workplace?

• A) the definition of the family as a place of love,cooperation,and refuge from the outside world
• B) the development of the extended family
• C) lowered expectations of romantic love
• D) fewer marriages

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Definitions:

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, that is, the consumer has no preference for one combination over another.

Price Decrease

A reduction in the price of a good or service, which can lead to an increase in quantity demanded by consumers according to the law of demand.

Indifference Curves

Graphical representations used in microeconomics to show different combinations of two goods or services among which a consumer is indifferent, indicating the same level of satisfaction or utility for each combination.

Optimal Consumption

The point at which a consumer maximizes his or her satisfaction or utility from the consumption of goods and services, given a budget constraint.