A Reference Value Involves Comparing the Costs and Benefits of

question 41

Multiple Choice

A reference value involves comparing the costs and benefits of

• A)substitute items.
• B)items of equal or greater value.
• C)products with which a consumer is familiar and items the consumer has not seen or used before.
• D)items from one particular distributor.
• E)intangible items.

---

Definitions:

1929-1933

The period marking the beginning of the Great Depression, a severe worldwide economic downturn.

Great Depression

A severe worldwide economic downturn that lasted from 1929 to the late 1930s, characterized by widespread unemployment, poverty, and deflation.

Young People

A term referring to individuals in their late childhood and adolescence up to early adulthood.

Deferred Marriage

The choice or condition of postponing marriage until a later age for various reasons, including career, education, or personal preference.