The Junior Class at a Local High School Was Stunned

question 115

Multiple Choice

The junior class at a local high school was stunned when an alcohol-impaired driver missed a turn and caused a fatal accident involving a classmate.The school crisis team noted that many classmates responded in ways that seemed to indicate that they were invulnerable to this kind of tragedy because "They were careful drivers who always wore seatbelts." The crisis team concluded that these students were using the defense mechanism called

• A)regression.
• B)projection.
• C)displacement.
• D)denial.

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Definitions:

Economic Profits

Profits earned by a firm or individual in excess of the opportunity costs of all resources used to generate those profits, representing returns beyond the normal profit level.

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and easy entry and exit from the market.

Monopoly

A market structure characterized by a single seller offering a unique product or service, with significant barriers to entry for potential competitors.

Price

The financial requisition expected, imposed, or presented for something.