Maslow's Theory

question 9

Multiple Choice

Maslow's theory

• A) has been faulted for the small size of his sample.
• B) declined in influence in the 1960s.
• C) is the most popular trait theory.
• D) is popular in psychology but has little relevance elsewhere.

---

Definitions:

Negative Externality

A cost that is suffered by a third party as a result of an economic transaction.

Pigovian Externality

A situation where a market activity imposes a positive or negative cost or benefit on a third-party that is not reflected in the market price.

Free-Rider Problem

A situation in a shared-resource system where individuals consume more than their fair share or pay less than their fair share of the cost.

Free-Rider Problem

A situation where individuals consume a public good without contributing to its cost, undermining the provision of that good.