Thao Is Artistically Talented and Would Like to Be a Professional

question 178

Multiple Choice

Thao is artistically talented and would like to be a professional painter, but realizes this field is competitive and that artists rarely make a living wage. After considering several possibilities, Thao has decided to become an art teacher, since she also likes children. According to the identity statuses framework, Thao is in identity _____.

• A) foreclosure
• B) diffusion
• C) moratorium
• D) achievement

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Definitions:

Zoning Ordinance

Legislation that divides an area into zones to specify allowable land uses and regulate building standards, to shape urban growth and land use.

Socially Optimal

A situation in which resources are allocated in the most efficient manner from the perspective of society as a whole.

Subsidize

Financial support extended by a government or organization to lower the production costs or price of goods and services, making them more accessible to the public.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction, which are not reflected in the transaction's price.