Which of the Following Is a Good Example of Efficient

question 204

Multiple Choice

Which of the following is a good example of efficient specialization and voluntary exchange?

• A)A college professor hires someone to rototill his or her garden to ready it for spring planting.
• B)A college professor works on the engine of a car for a neighbor who is a mechanic.
• C)A lawyer decides to babysit his or her young child and agrees to do so for others for cash.
• D)A physician agrees to help a neighbor work on his or her income tax return in exchange for his or her bookkeeping services.

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Definitions:

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow that categorizes human needs into a five-tier model in the shape of a pyramid, starting from basic physiological needs to self-actualization at the top.

McClelland

David McClelland, a psychologist known for his work on motivation and the theory of Needs, including Achievement, Affiliation, and Power.

Achievement Needs

The desire or motivation of an individual to achieve excellence, accomplish challenging goals, and advance personally or professionally.

Moderately Difficult

Characterized by a level of challenge that is neither too easy nor too hard, requiring a fair amount of effort to overcome.