Economists State That the __________ Utility a Person Receives from a Unit

question 189

Multiple Choice

Economists state that the __________ utility a person receives from a unit of a good,the __________ the price he or she is willing to pay for it.

• A) more; lower
• B) more; higher
• C) less; higher
• D) less; lower
• E) b and d

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Definitions:

Cultural Competency

The ability to understand, appreciate, and interact effectively with people from different cultures.

Microaggressions

The everyday, subtle, intentional — and oftentimes unintentional — interactions or behaviors that communicate some sort of bias against historically marginalized groups.

Implicit Biases

Unconscious attitudes or stereotypes that influence an individual’s understanding, actions, and decisions in an unconscious manner.

Racial Attitudes

The beliefs, feelings, and predispositions that individuals have towards people of different racial backgrounds.