Answer:
The answer is (A) Narcissism.
Explanation:
Althought the lines between narcissism and self-confidence might be blurry, the difference is that a narcissist mostly thinks of himself (and that's why Seth spends all of his money in expensive or excessive pleasures), whereas a self-confident person might take their personal relationships into account.
In other words, narcissists think they need to be the best at everything, and only care about their personal enjoyment or development.
Answer:
C. wages and prices are often inflexible in the downward direction; wages and prices do not fall in the labor and product markets because unions dislike wage cuts and companies are a monopoly market
Explanation:
Say's Law is classical economists point of view, stating that supply creates its own equilibrium. Keynes theory was strictly against this Says Law. Keynes also stated that equilibrium & output is not always at full employment level, it might be below it. Implicatively, the economy would be on or inside it's full production potential PPC.
Keynes stated that wages & prices are sticky. They don't adjust to fluctuating economic activity too quickly. The wage & price stickiness, rigidity is more in downwards direction, they don't fall immediately in response to recession. The reason behind the variables stickiness is that, businesses don't know whether economic slowdown is temporary or permanent. Wages are sticky because of labour unions, employment contracts & prices are sticky because of menu costs, for fulfilling high wages expenditure.
Answer:
A standard of living is the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area. The standard of living includes basic material factors such as income, gross domestic product (GDP), life expectancy, and economic opportunity.
Explanation:
Answer:
Spotlight effect
Explanation:The belief that others are paying more attention to one's appearance and behavior than they really are.
<span>This is a good example of Observational Learning. Observational learning occurs when we observe and imitate the behavior of others. There is usually a stimulus in between that motivates us to repeat the behavior, for example being socially accepted. <span>This process of learning is common in human beings.</span></span>
