An Advantage of the Life Events and Difficulties Schedule (LEDS)over

question 102

Multiple Choice

An advantage of the Life Events and Difficulties Schedule (LEDS) over other life stress assessments is that it

• A)is a very structured interview.
• B)takes a shorter time to complete.
• C)allows for the evaluation of life events in the context of a person's unique life circumstances.
• D)relies less on determining when an event actually occurred.

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Definitions:

Wage Discrimination

Unequal pay for workers who perform similar jobs or duties, often based on gender, race, age, or sexual orientation.

Marginal Productivity

The increase in output produced by adding one more unit of a specific input, keeping all other inputs constant.

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often due to externalities, monopolies, information asymmetries, or public goods.

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.