A Person with the Learning Characteristics of Being Good at Implementing

question 134

Multiple Choice

A person with the learning characteristics of being good at implementing decisions and carrying out plans is a(n) :

• A) diverger
• B) assimilator
• C) converger
• D) accommodator
• E) none of these

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Definitions:

Labor Supply

The total number of hours that workers are willing and able to work at a given wage rate.

Utility Maximizing

The economic principle that consumers will choose a combination of goods and services that maximize their overall satisfaction.

Indifference Curves

graphical representations in microeconomics illustrating combinations of goods that provide an individual with the same level of satisfaction.

Budget Constraint

A economic term that represents the limitations on the consumption choices of individuals based on their income and the prices of goods and services.