Janelle Is Solving Anagrams; Kamika Is Puzzling Over Verbal Analogies;

question 7

Multiple Choice

Janelle is solving anagrams; Kamika is puzzling over verbal analogies; Lamar is playing chess with a friend.Which alternative below correctly matches each individual with the type of problem he or she is solving?

• A)Janelle-arrangement; Kamika-transformation; Lamar-inducing structure
• B)Janelle-transformation; Kamika-inducing structure; Lamar-arrangement
• C)Janelle-arrangement; Kamika-inducing structure; Lamar-transformation
• D)Janelle-transformation; Kamika-arrangement; Lamar-inducing structure

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Definitions:

Substitution Effect

The change in consumption that results when a price change moves the consumer along a given indifference curve to a point with a new marginal rate of substitution.

Income Effect

The change in consumption that results when a price change moves the consumer to a higher or lower indifference curve

Aggregate Demand

Aggregate demand represents the total demand for goods and services within an economy at a given overall price level and in a given time period.

Future Generations

Individuals or populations that will exist in the future, beyond the current members of society, whose interests are considered in long-term policy making.