Are Human Needs as Shaped by Individual Personality and Culture

question 112

Multiple Choice

are human needs as shaped by individual personality and culture.

• A)Values
• B)Exchanges
• C)Needs
• D)Demands
• E)Wants

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Definitions:

Individual Marginal Benefit

The additional satisfaction or utility that an individual derives from consuming one more unit of a good or service.

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and other forms of involvement.

Traffic Lights

Signaling devices positioned at road intersections, pedestrian crossings, and other locations to control flows of traffic.

Nonpayers

Individuals or entities that do not contribute payments towards a service or good from which they benefit.