The Lack of Property Rights and Inaccuracy of Prices as Economic

question 22

Multiple Choice

The lack of property rights and inaccuracy of prices as economic signals often lead to:

• A)too much competition in markets.
• B)an increase in consumer surplus and a decrease in producer surplus.
• C)an increase in total surplus.
• D)market failure.

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Definitions:

Content Theories

Theories that explain why people have different needs at different times and how these needs motivate behavior, such as Maslow’s hierarchy of needs, Alderfer’s ERG theory, McClelland’s need theory, and Herzberg’s two-factor theory.

Process Theories

Theories that describe the cognitive processes through which needs are translated into behavior, such as equity theory, expectancy theory, and goal-setting theory.

Motivation

Motivation is the internal drive or external stimulus that prompts an individual to take action toward achieving a goal.

Practice Talks

Sessions or rehearsals where individuals present their work, speeches, or presentations in front of others to improve and refine their delivery.