If You Are Given $20 and Told to Go to the Store

question 176

Multiple Choice

If you are given $20 and told to go to the store and buy as many potatoes as you can, the reason your demand curve for potatoes is downward sloping has mostly to do with

• A)the substitution effect.
• B)the real-balances effect.
• C)diminishing marginal utility.

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Definitions:

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

General Adaptation Syndrome

A theoretical model describing the body's short-term and long-term reactions to stress, developed by Hans Selye.

Hypothalamus

A region of the brain below the thalamus that coordinates both the autonomic nervous system and the activity of the pituitary, controlling body temperature, thirst, hunger, and other homeostatic systems.

Endocrine Glands

Glands of the endocrine system that release hormones directly into the bloodstream to regulate various bodily functions.