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Questions and Answers
What does economics aim to manage?
What does economics aim to manage?
- Scarcity of resources (correct)
- Excessive human wants
- Unlimited resources
- Unlimited human wants and needs
Which of the following is NOT part of Maslow's Hierarchy of Needs?
Which of the following is NOT part of Maslow's Hierarchy of Needs?
- Friendship Needs (correct)
- Esteem Needs
- Safety Needs
- Cognitive Needs
What does the concept of transcendence in motivation refer to?
What does the concept of transcendence in motivation refer to?
- Fulfilling basic needs and wants
- Being the father of economics
- Connecting with a higher reality beyond personal self (correct)
- Achieving self-actualization
What are included in the biological and physiological needs category of Maslow's Hierarchy of Needs?
What are included in the biological and physiological needs category of Maslow's Hierarchy of Needs?
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What is the man-made factor of production used to create goods called?
What is the man-made factor of production used to create goods called?
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Which category in Maslow's Hierarchy of Needs involves seeking personal growth and peak experiences?
Which category in Maslow's Hierarchy of Needs involves seeking personal growth and peak experiences?
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In Economics, what is the payment for labor referred to as?
In Economics, what is the payment for labor referred to as?
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What do aesthetics needs in Maslow's Hierarchy involve?
What do aesthetics needs in Maslow's Hierarchy involve?
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Which economic system type involves ownership of all resources by private entities?
Which economic system type involves ownership of all resources by private entities?
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What concept in economics refers to the cost of giving up an alternative when making a choice?
What concept in economics refers to the cost of giving up an alternative when making a choice?
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