If the Demand for Currently Illegal Recreational Drugs Is Highly

question 8

Multiple Choice

If the demand for currently illegal recreational drugs is highly inelastic and these drugs became legal, prices would fall. An economist would expect which of the following to happen in response to the lower price?

• A) Total spending on drugs would rise.
• B) No one would follow the laws of economics anymore.
• C) Many more people would become drug users.
• D) Not many more people would become drug users.

Understand Csikszentmihalyi's concept of flow and its characteristics.

Analyze the role of genetics, life circumstances, and intentional activities in happiness.

Explain the philosophical underpinnings of positive psychology and humanistic perspectives.

Apply positive psychology principles to practical situations, like business and personal growth.

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Definitions:

Individual Efficacy

One's belief in their own ability to succeed in specific situations or accomplish a task.

Task Cohesion

The degree to which members of a group work together effectively to achieve common goals.

Social Cohesion

The extent to which members of a community or society stick together, sharing common values and responsibilities, fostering a sense of belonging and mutual support.

Team Confidence

The collective belief of a team in its abilities to achieve its goals and be successful.