A Group That Includes Members Who Have Frequent, Direct Contact

question 3

Multiple Choice

A group that includes members who have frequent, direct contact with one another is known as a(n) _____.

• A) dissociative group
• B) primary group
• C) secondary group
• D) aspirational group

---

Definitions:

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage, charged by lenders to borrowers for the use of their money.

Substitution Effect

The change in demand for a good or service caused by a change in its price, making consumers replace it with a cheaper alternative.

Income Effect

A change in consumption patterns resulting from a change in real income due to variations in prices, other factors remaining constant.

Savings Rate

The proportion of disposable income that is saved by individuals or entities, rather than spent, often expressed as a percentage.