Which of the Following Are the Words Most Commonly Used

question 307

Multiple Choice

Which of the following are the words most commonly used by economists?

• A) surplus and shortage
• B) scarcity and human wants
• C) supply and demand
• D) price and quantity

Identify different methods of providing savings to corporations.

Understand the concept and implications of negative components in investment.

Familiarize with types of business ownership.

Know the corporate income tax rate for large corporations.

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Definitions:

Belongingness

The human emotional need to be an accepted member of a group, whether it is family, friends, colleagues, or within a community.

Esteem

The respect, admiration, and confidence an individual has in themselves; a fundamental human need for feeling valued and validated.

Safety

The state of being safeguarded against or not prone to causing harm, peril, or damage.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.