If the Size of the Market Grows, Then

question 156

Multiple Choice

If the size of the market grows, then:

• A) fewer resources are spent in research and development.
• B) it doesn't make sense to increase investment in research and development, since ideas are not rivalrous.
• C) more resources are spent in research and development.
• D) people will be worse off.

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Definitions:

Controlled

Controlled, in a general context, refers to something being directed or managed according to certain standards, rules, or systems.

ERG Theory

A three-level hierarchical need theory of motivation (existence, relatedness, growth) that allows for movement up and down the hierarchy.

Alderfer

Psychologist Clayton Alderfer developed the ERG theory, which outlines three core needs: Existence, Relatedness, and Growth, as motivation drivers.

Maslow

Refers to Abraham Maslow, an American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority.