Abena Toure Worked as a Welder for BCD Company for Ten

question 159

Multiple Choice

Abena Toure worked as a welder for BCD Company for ten years before the company changed its rigid tuition reimbursement policy.This year, the new education support policy will allow her to take any course that interests her, not just a course in her field of employment.She is very excited about this and has enrolled in two management courses.She has always thought she had the ability to become a good manager.Abena is attempting to satisfy her ____ needs.

• A) Esteem
• B) self-actualisation
• C) physiological
• D) Social
• E) Safety

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Definitions:

Allocative Efficiency

A state of the economy in which production represents consumer preferences; specifically, every good or service is produced up to the point where the last unit provides a marginal benefit to society equal to the marginal cost of producing it.

Production Possibilities Curve

A visual diagram illustrating the highest potential production mixes of two products or services that an economy can reach when it uses all its resources in a completely efficient manner.

Stable Supply Curve

A situation in which the supply curve remains unchanged over time, indicating that the quantity supplied is not affected by changes in price.

Increasing Demand

A situation where the quantity of a good or service that consumers are willing and able to buy increases, often due to factors like rising incomes, changes in tastes, or lower prices of the product.