Although Some Tastes Do Change Over Time, Economists Believe That

question 65

Multiple Choice

Although some tastes do change over time, economists believe that tastes are relatively stable.If tastes were not mostly stable, then we

• A)could not even draw a supply curve
• B)could not reasonably make the other-things-constant assumption required for demand analysis
• C)would not have any concerns about still drawing demand curves
• D)could no longer eat food
• E)would be basing economic models on real life instead of making impossible assumptions

Understand stock ownership plans and their role in fostering employee investment in company success.

Identify common problems with merit raises and strategies for their effective implementation.

Understand the basic principles and goals of different therapeutic approaches.

Differentiate between various therapeutic techniques and their underlying theories.

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