Nadine Works for an Accounting Firm

question 3

Multiple Choice

Nadine works for an accounting firm. She makes enough money for herself and has bought a house with a top-notch security system. In the context of Maslow's hierarchy of needs, Nadine has fulfilled her ________ needs.

• A)esteem
• B)safety
• C)self-actualization
• D)social

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Definitions:

Market Power

The ability of a firm or group of firms to control prices or exclude competition within a market.

Influence Market Prices

The action or power of a factor to affect the prices in a market, which could be through supply, demand, or external factors.

Externality

A consequence of an economic activity experienced by unrelated third parties; can be either positive or negative.

Neighbors

Individuals or entities located near one another, often used in the context of residential, geographic, or international proximity.