Suppose You Have Surveyed a Few Industries and Obtained Information

question 194

Multiple Choice

Suppose you have surveyed a few industries and obtained information about the income elasticity of demand for their products.If you expect that the economy is headed for a long recession, you would advise people to look for jobs in an industry with

• A)a high positive income elasticity coefficient such as 5.
• B)a low positive income elasticity coefficient such as 0.8.
• C)a "high" negative income elasticity coefficient such as -4.
• D)a "low" negative income elasticity coefficient such as -0.2.

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Definitions:

Fredrickson and Roberts

Scholars known for their work in psychology and feminist theory, particularly for the objectification theory which examines the effects of societal objectification on women.

Prioritize Appearances

Giving primary importance to the way things look or seem, often at the expense of deeper values or truths.

Objectify

The act of treating a person or a group of people as an object or commodity, often reducing human beings to their physical attributes or sexual appeal.

Female Politicians

Female politicians are women who are actively engaged in politics and hold or aspire to hold a position in government or political organizations.