Inflation

question 96

Multiple Choice

Inflation

• A) hurts society by imposing additional opportunity costs
• B) is generally harmful,but has the benefit of reducing opportunity costs
• C) makes it easier for us to comparison shop
• D) benefits society by causing people to make use of resources that would have otherwise gone to waste
• E) benefits society because by making people better consumers,they start to buy only those consumer goods they really need

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Definitions:

Peak Performer

An individual who consistently achieves top performance levels in their specific field.

Eating Sweets

The consumption of food items high in sugar, often categorized as comfort or pleasure foods but generally low in nutritional value.

Diabetes

A chronic medical condition where the body either cannot produce enough insulin or cannot effectively use the insulin it produces, leading to elevated blood sugar levels.

Commitment Contract

A formal agreement a person makes with themselves or others to stick to a set of goals or behaviors.