Which Theory Describes Consumers as Addressing a Finite Set of Prioritized

question 51

Multiple Choice

Which theory describes consumers as addressing a finite set of prioritized needs from physiological, safety and security, belongingness and love, esteem, to self-actualization?

• A) Skinners' classical conditioning
• B) Maslow's hierarchy of needs
• C) Operant conditioning
• D) Utilitarian/Hedonic theory of needs
• E) Equity theory

Understand how comparative cost differences between countries influence production specialization.

Examine the impact of domestic and world prices on import and export behaviors.

Distinguish between export supply curves and import demand curves and their implications for trade.

Analyze the factors limiting complete specialization in international trade.

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Definitions:

Trait

A stable characteristic or quality that describes a person's typical behavior or attitude.

Spontaneous Remission

The unexpected improvement or cure of a disease or condition without medical intervention, often seen in cases such as cancer.

Major Depressive Disorder

A mental disorder characterized by a persistent and intense feeling of sadness or despair and a lack of interest in activities, significantly impairing daily functioning.

Symptoms

Observable signs or indicators of a disease, disorder, or condition, often reported by the patient.