____________ Was Responsible for Devising the Hierarchy of Needs

question 68

Multiple Choice

____________ was responsible for devising the Hierarchy of Needs.

• A)Leon Festinger
• B)Henry Murray
• C)David McClelland
• D)Abraham Maslow

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning their use by one individual does not reduce availability to others.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, taking into account both private costs and any externalities.

Private Marginal Cost

The cost incurred by a firm or individual for producing one additional unit of a good or service, not including external costs.

Traffic Congestion

Refers to the situation where there are more vehicles than the road can accommodate, leading to slower speeds, longer trip times, and increased vehicular queuing.