Vic Is Taking Five Classes and Working 20 Hours a Week.He

question 66

Multiple Choice

Vic is taking five classes and working 20 hours a week.He wants to get back into his former running program,but feels too pressed for time.Which of the following strategies might BEST help him overcome this obstacle?

• A)He could invite his partner to go for a run with him on Sundays.
• B)He could read a textbook or listen to a lecture on his MP3 player while jogging on a treadmill.
• C)He could watch a motivational film about Olympic runners.
• D)He could reward himself with dessert after dinner on days when he manages to exercise.

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Definitions:

Exchange of Goods

The act of giving one item of value in return for another, especially in a commercial context.

Market Failures

Occur when the market does not allocate resources efficiently on its own, leading to a loss of economic welfare.

Government Role

The activities undertaken by a government, including regulation, taxation, and public services provision, to guide and support the economy.

Economic Profits

The surplus after all costs, including opportunity costs, have been subtracted from total revenues.