According to ERG Theory,the _____________ Is the Idea That a Lower-Level

question 37

Multiple Choice

.According to ERG theory,the _____________ is the idea that a lower-level need reactivates when we are unable to satisfy a higher-level need.

• A) deficit principle
• B) frustration-regression principle
• C) progression principle
• D) law of effect
• E) law of valence

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Definitions:

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Market Supply

The total quantity of a good or service available for purchase at any given price level in a given market.

Price Floor

A government or regulatory-imposed minimum price set above the equilibrium price, preventing the market price from falling below it.

Total Welfare

The total economic well-being that a society achieves, including both consumer surplus and producer surplus.