An Example of a Freudian Slip Would Be

question 27

Multiple Choice

An example of a Freudian slip would be:

• A) "Oops,I forgot to lock the door!"
• B) "Is my slip showing?"
• C) "The fact that I lost my wallet came as a sham dock to me!"
• D) "I thought I brought my car keys with me,but I left them at home."

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Definitions:

Income Effect

The change in an individual’s or economy’s income and how that change will affect the quantity demanded of a good or service.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with less expensive ones.

Interest-Rate Increase

A rise in the cost of borrowing money, reflected in a higher percentage charged on loans and credits.

Consumer Optimum

A state where a consumer has allocated their resources in such a way that maximizes their utility, given their budget constraint.