Some Theorists Argue That the Poor Have a ________ Orientation

question 102

Multiple Choice

Some theorists argue that the poor have a ________ orientation while the nonpoor have a ________ orientation.

• A) future-time / present-time
• B) present-time / future-time
• C) positive / negative
• D) negative / positive

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Definitions:

Utility Function

A mathematical representation that translates the satisfaction or happiness a consumer gains from consuming quantities of goods and services into a numerical value.

Consumer's Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay.

Earplugs

Devices inserted in the ear canal to protect the ears from loud noises, water, foreign bodies, or excessive wind.

Utility Function

A mathematical representation that ranks an individual's preferences over a set of goods or outcomes.