If You Believe That Your Actions Will Make a Difference

question 30

Short Answer

If you believe that your actions will make a difference in your health,then you have a(n)____________________ locus of control.

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Definitions:

Deadweight Loss

A reduction in economic effectiveness that happens when a product or service does not reach, or cannot reach, its equilibrium state.

Average Cost

The total cost of production divided by the number of units produced, indicating the cost per unit.

Consumer Surplus

The bifurcation between what a consumer wishes to pay for a service or good, and what ends up being spent.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual market price of the good.