Which of the Following Is True When Comparing Various Factors

question 160

Multiple Choice

Which of the following is true when comparing various factors associated with happiness?

• A)Income and status play larger roles than do health and social activity.
• B)Internal factors are more important than external factors.
• C)Parenthood and culture play larger roles than do work and personality.
• D)Physical factors are more important than emotional factors.

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Definitions:

Markets

Places or systems in which parties engage in the exchange of goods, services, or information, driven by supply and demand.

Circular-Flow Diagram

A graphical representation illustrating the flow of funds among households, companies, and the government within an economy.

Factors Of Production

Inputs necessary for the creation of goods and services, including labor, land, capital, and entrepreneurship.

Circular-Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms, illustrating the interactions between key sectors of the economy.