According to Our Textbook

question 229

Multiple Choice

According to our textbook:

• A) human beings have many unlearned, primary drives that motivate behaviour.
• B) all human motives are powerfully shaped by social and cultural factors.
• C) today's motivation researchers emphasize the biological drives that guide behaviour.
• D) the state of tension caused by deprivation is the major motivation in human behaviour.

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Definitions:

Long-Run Equilibrium

A state in which all factors of production and costs are variable, allowing firms to make adjustments so that supply equals demand, leading to no economic profit in perfect competition.

Marginal Cost

Additional financial obligation incurred by producing another unit of a product or service.

Product-Variety Externality

Occurs when the introduction of new products benefits consumers by expanding their choices, often leading to positive market effects.

Introduction

The initial section or the beginning part of a document, presentation, or text, aiming to give an overview or background of the subject matter.