Figure 21-4 in Each Case, the Budget Constraint Moves from BC-1 to BC-1

question 23

Multiple Choice

Figure 21-4
In each case, the budget constraint moves from BC-1 to BC-2.
-Refer to Figure 21-4. Which of the graphs in the figure could reflect an increase in income?

• A)graph a
• B)graph b
• C)graph d
• D)None of the above is correct.

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Definitions:

Maslow's Need Hierarchy

Maslow's Need Hierarchy is a theory in psychology that categorizes human needs into a five-level pyramid, from basic physiological needs to self-actualization.

Successively Gratify

To provide satisfaction or rewards in a sequential manner, often used as a strategy to maintain motivation and engagement.

Highest Level

The utmost degree or the peak of achievement, performance, or quality in a given context.

McClelland's Need Theory

A motivational theory that identifies three primary needs driving human behavior: Need for Achievement, Need for Power, and Need for Affiliation.