When Asked to Explain What Caused There to Be a New

question 12

Multiple Choice

When asked to explain what caused there to be a new library on campus, Dave explains that the mortar and bricks are responsible. According to Aristotle, Dave is focusing on the __________ cause for why there is a new library on campus.

• A) material
• B) formal
• C) final
• D) efficient

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Definitions:

Income Fall

A decrease in the amount of money received by an individual, household, or entity, typically referring to earnings over a certain period.

Risk Aversion

A preference for guaranteed outcomes over those with uncertainty, even if the uncertain outcome might offer a higher expected return.

Utility from Insurance

The satisfaction or utility gained by individuals from reducing uncertainty and risk in their lives through the purchase of insurance contracts.

Income Increase

Income increase refers to the rise in an individual's or household's earnings, affecting their purchasing power and consumption habits.