Joey Put a Quarter in the Gumball Machine Only to Find

question 149

Multiple Choice

Joey put a quarter in the gumball machine only to find that the machine was not working.He continued to turn the dial on the machine in the hope that he would retrieve a gumball.Joey's behavior is called ________.

• A)persistence
• B)increasing efforts
• C)varying efforts
• D)aggression

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Definitions:

Domestic Consumers

Individuals or entities within a country that purchase goods and services.

Domestic Producers

Companies or individuals that produce goods or services within their home country.

Equilibrium Price

The cost at which the volume of goods available equals the volume sought by consumers.

Equilibrium Quantity

The amount of products or services available and sought after at the balance price.