Premium Essay

Caff 321 Chapter 1-4 Review Questions

In: Other Topics

Submitted By meesh714
Words 2837
Pages 12
MICHELLE LU - 011810966
CAFF 321 CHAPTER REVIEW QUESTIONS (1-4)
Chapter 1
1. Why does Daniel Gilbert, author of Stumbling on Happiness, say that experiences might bring more satisfaction than durable goods? Do you agree or disagree?
Although happiness is not easily defined and it really depends on who you ask and what their degree of happiness is in their life, Gilbert the author of Stumbling on Happiness, explains that experiences might bring more satisfaction than that of durable goods. With this he is simply stating the fact that happiness is dependent the things you do in life and not the objects. It is the time that you share with friends and family what makes life meaningful and that creates happiness. All the objects in the world that money can buy is meaningless when you don't have anyone to share it with.
2. Harvard economists Alberto Alesina and Paolo Giuliano say that strong family ties imply more reliance on the family as an economic unit that provides goods and services and less on outside institutions such as those found in the market place and government. Why does household production (doing things together or making things within the home) activity have such an impact on family ties? Can you give an example from your own family?
Not completely sure if I am answering this question correctly but basically the way I see things, I must say I agree with both economists who say that strong family ties imply more reliance on the family as an economic unit and etc. Household production has a huge impact on family ties because I believe that it is very important when families work together and produce things that become of value to their household and their family. For example my family and I have worked together as a team to remodel our house, and to save money in doing that in many ways which in the end also helped increase the value of our

Similar Documents

Premium Essay

Management

...EDITION Published by McGraw-Hill Education, 2 Penn Plaza, New York, NY 10121. Copyright © 2015 by McGraw-Hill Education. All rights reserved. Printed in the United States of America. Previous editions © 2013, 2011, and 2009. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of McGraw-Hill Education, including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on acid-free paper. 1 2 3 4 5 6 7 8 9 0 DOW/DOW 1 0 9 8 7 6 5 4 ISBN 978-0-07-786254-1 MHID 0-07-786254-6 Senior Vice President, Products & Markets: Kurt L. Strand Vice President, Content Production & Technology Services: Kimberly Meriwether David Managing Director: Paul Ducham Executive Brand Manager: Michael Ablassmeir Executive Director of Development: Ann Torbert Senior Development Editor: Laura Griffin Digital Product Analyst: Kerry Shanahan Marketing Manager: Elizabeth Trepkowski Senior Marketing Specialist: Elizabeth Steiner Director, Content Production: Terri Schiesl Manager, Content Production: Mary Conzachi Senior Buyer: Michael R. McCormick Design: Lisa King Cover Image: © Thomas Vogel/Getty Images Senior Content Licensing Specialist: Jeremy Cheshareck Typeface: 10/12...

Words: 87010 - Pages: 349