Andy Likes Gourmet Popcorn and Will Spend Time Trying to Find

question 138

Multiple Choice

Andy likes gourmet popcorn and will spend time trying to find his favorite brand. His girlfriend, Joanne, loves popcorn but doesn't care about brands. For Andy, popcorn is a __________ good while for Joanne it is a __________ good.

• A) shopping; specialty
• B) convenience; shopping
• C) convenience; specialty
• D) specialty; convenience
• E) unique; universal
• For Andy, popcorn is a specialty product-he is willing to spend time finding his favorite brand. For Joanne, it is a convenience good-she doesn't care about brands and so is unlikely to comparison shop.

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Definitions:

Components of Happiness

The various elements that contribute to an individual’s sense of well-being and satisfaction with life, such as emotional, psychological, and social well-being.

Acknowledged

Recognized as being true or existing, especially in a formal or official way.

Positive Psychologist

A psychologist who focuses on studying and promoting factors that allow individuals and communities to thrive.

Self-perceived Happiness

is an individual's personal assessment of their overall happiness or satisfaction with life.