Which of the Following Statements Is (Are) TRUE

question 54

Multiple Choice

Which of the following statements is (are) TRUE?
I. Public goods tend to be underprovided.
II. One person's consumption of a public good diminishes its use to another person.
III. The marginal cost of providing a public good to another consumer is infinite.

• A) I and III
• B) II and III
• C) I
• D) I, II, and III

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Definitions:

Intrinsic Motivation

The drive to engage in activities for their intrinsic satisfaction rather than for some separable consequence.

Maslow's Hierarchy of Needs

A psychological theory that categorizes human needs into five levels, from basic physiological needs to self-actualization.

Motivated

Motivated describes the psychological force that drives an individual to take action towards a desired goal, influenced by factors such as personal interest, reward, or obligation.

Self-Actualization

The realization or fulfilment of one's talents and potentialities, considered as a drive or need present in everyone.