A "Satisficer" Is a Person Who

question 440

Multiple Choice

A "satisficer" is a person who

• A)always chooses the best course of action.
• B)often chooses the worst course of action.
• C)makes decisions that are merely good enough.
• D)studies both economics and psychology.

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Definitions:

Consumption

The process by which goods and services are used up by consumers, reflecting economic activity and individuals' preferences.

Income

Financial gains received from work or investments, usually on a consistent basis.

Demand

The quantity of a good or service consumers are willing and able to purchase at a given price level.

Curds

The coagulated part of milk separated from the whey during the process of making cheese or paneer.