Use the Following to Answer Questions

question 3

Multiple Choice

Use the following to answer questions
Scenario I
Thousands of words exist in our language to describe aspects of personality.In a search for fundamental traits,psychologists have used statistical techniques such as factor analysis to identify the core dimensions underlying the structure of personality.Over the years,different analyses have yielded different results.Cattell (1950) proposed a model of personality based on 16 unique factors.Eysenck (1967) argued that the thousands of specific behavioral tendencies often attributed to personality can be adequately described by just two dimensions.One dimension (extraversion) ranges from introversion (low scores on this dimension) to extraversion (high scores) and the other (neuroticism) ranges from emotionally stable (low scores) to emotionally unstable (high scores) .Today,the most commonly accepted model of personality-the Big Five-posits the existence of five unique dimensions of personality: openness to experience,conscientiousness,extraversion,agreeableness,and neuroticism (McCrae & Costa,1999) .Consistent with Eysenck's model,each dimension reflects a range of behavioral tendencies.For example,agreeableness might range from helpful to uncooperative.Someone low in conscientiousness probably will miss deadlines for work assignments,and persons who never travel from their home towns will score low on openness to experience.Research has shown that these five dimensions of personality appear in all cultures and age groups.
-(Scenario I) Visualize Eysenck's (1967) model of personality as two perpendicular lines bisecting one another.The horizontal line has an end point of introverted on the left and the vertical line has an upper endpoint of emotionally unstable.Within this space,in which quadrant is the personality trait of leadership?

• A)upper left
• B)upper right
• C)lower left
• D)lower right

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Definitions:

Price Elasticity

The measure of how much the quantity demanded of a good responds to a change in the price of that good, demonstrating the sensitivity of consumers to price changes.

Quantity Purchased

The total number of units of a product or service bought by consumers in a specified period.

Price Elasticity

The evaluation of demand's reaction to fluctuations in the price of a particular good.

Responsiveness

The degree to which a variable responds to a change in an underlying factor, often used in economic contexts to describe changes in supply, demand, price, etc.