In Value-Percept Theory,the Strongest Sense of Dissatisfaction Is Created When

question 6

Multiple Choice

In value-percept theory,the strongest sense of dissatisfaction is created when there are _______ differences between wants and haves and when the value in question is _______.

• A)minor;irrelevant
• B)major;cultural
• C)minor;important
• D)major;important
• E)subtle;personal

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Definitions:

Technological Advance

(1) An improvement in the quality of existing products, the invention of entirely new products, or the creation of new or better ways of producing or distributing products. (2) Any improvement in the methods by which resources are combined such that the same quantity of inputs can be made to yield a combination of outputs that is preferred to any combination of outputs that was previously possible.

Freedom of Choice

The right of individuals to make decisions for themselves without undue government restriction.

Society's Wants

The collective desires and needs of a community or society that drive demand and economic activity.