If the Consumption of One Good Is Increased, How Must

question 123

Multiple Choice

If the consumption of one good is increased, how must a consumer alter his consumption of another good in order to remain indifferent between two bundles?

• A)he must reduce his consumption of another good
• B)he must increase his consumption of another good
• C)he must not change his consumption of another good
• D)he can reduce, increase or not change his consumption of another good

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Definitions:

Humanistic Theorists

Scholars and psychologists who contribute to the development and application of humanistic psychology, focusing on individual potential and personal growth.

Humanistic Perspective

The humanistic perspective is a psychological approach that emphasizes individual potential, self-awareness, and the importance of choice and personal growth in understanding behavior.

Self-determination

The process by which a person controls their own life, making choices and decisions based on their own preferences and interests without undue influence from others.

Unconditional Positive Regard

An attitude of total acceptance and support of a person regardless of what the person says or does, as proposed by Carl Rogers in client-centered therapy.