In Economics the Term Utility Refers to

question 135

Multiple Choice

In economics the term utility refers to

• A) the subjective benefit or satisfaction a person expects to receive from a choice or course of action.
• B) the number of possible uses for a resource.
• C) the fact that human desire for goods is unlimited while the resources available to meet those desires is limited.
• D) the highest valued alternative that must be sacrificed when a choice is made.

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Definitions:

Narcissistic Personality Disorder

A mental condition characterized by a long-term pattern of exaggerated self-importance, a need for excessive attention and admiration, and a lack of empathy for others.

Ego-dystonic

Refers to troubling thoughts, feelings, beliefs, or behaviors that one experiences as alien or foreign and would like to be rid of.

Prevalence

The proportion of a population found to have a particular condition or characteristic at a specific time.

Narcissistic Personality Disorder

A mental condition characterized by an inflated sense of importance, deep need for excessive attention and admiration, troubled relationships, and a lack of empathy for others.