La Shawna Is Fascinated by Movie Stars and Others in the Entertainment

question 147

True/False

La Shawna is fascinated by movie stars and others in the entertainment industry.She often changes her dress,speech,and mannerisms in response to the latest trends in Hollywood.When big name stars publicly support a social cause,she tends to support it as well.La Shawna's behavior suggests that people in show business are an important reference group for her.
A reference group is a group that an individual uses as a reference point in the formation of attitudes,values and behavior.

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Definitions:

Production Possibilities

The different quantities of goods that an economy can produce using all available resources and technology effectively.

Gain From Trade

The benefits that countries or individuals obtain by engaging in international trade, allowing for the consumption of more goods and services than would be possible without trade.

Opportunity Cost

The loss incurred from ignoring the subsequent best alternative in a decision-making scenario.

Constant Rate

A steady, unchanging rate of change in a mathematical or economic process.