When Factor Supply Is Fixed and Quantity of the Factor

question 91

Multiple Choice

When factor supply is fixed and quantity of the factor is graphed on the horizontal axis while factor price is graphed on the vertical axis, the factor:

• A) supply curve is horizontal.
• B) supply curve is vertical.
• C) supply curve slopes up to the right.
• D) demand curve slopes up to the right.

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Definitions:

Excessive Fixation

An unhealthy or obsessive focus on a particular object, idea, or activity.

Freud

The Austrian neurologist Sigmund Freud pioneered psychoanalysis, a therapeutic method that entails treating mental illness through discussion between a psychoanalyst and the patient.

Oedipus Complex

A Freudian theory suggesting a child's subconscious sexual desire for the opposite-sex parent and jealousy towards the same-sex parent.

Inferiority Complex

A psychological condition wherein a person feels profoundly inadequate, often resulting from real or imagined criticism.