Which of the Following Scenarios Is an Example of a Normative

question 7

Multiple Choice

Which of the following scenarios is an example of a normative event that can increase the risk for illness?

• A)A family is involved in a motor vehicle accident.
• B)A group of teens experiments with recreational drugs.
• C)A woman is pregnant with her first child.
• D)The family's only earning member is laid off from work.

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Definitions:

Price Discrimination

A pricing strategy where similar goods or services are sold at different prices to different groups of people.

Ethnic Group

A community or population made up of people who share a common cultural background, ancestry, or social experience.

Potential Competitors

Firms that are not currently in a market but have the capacity to enter if they choose.

Price-Elastic

Price-elastic refers to the responsiveness of the quantity demanded or supplied of a good to a change in its price; high elasticity means quantity changes significantly with price changes.