If You Cannot Decide Whether to Order the Steak or the Shrimp

question 172

Multiple Choice

If you cannot decide whether to order the steak or the shrimp dish because they both are so delicious, you are experiencing a(n) _____ conflict.

• A)approach-approach
• B)avoidance-avoidance
• C)approach-avoidance
• D)double appraisal

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Definitions:

Capacity

The maximum output level that a firm, industry, or economy can sustain under the current conditions.

Efficiently

The ability to achieve a desired result without wasting materials, time, or energy.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources, leading to the necessity of making choices.

Economize

The act of reducing waste or optimizing the use of resources to save money or achieve greater efficiency.