Of the Following Groups, Which Benefits Most from a Government

question 305

Multiple Choice

Of the following groups, which benefits most from a government price support program that establishes a floor price for an agricultural product that is higher than the product's market clearing price?

• A) Consumers, who purchase more units of the product than they did before the price support program was implemented
• B) Taxpayers, who no longer must provide funds to purchase surplus units of the product once the price support program is in place
• C) Producers, who earn a higher price on the sale of each unit and also sell more units, thereby unambiguously earning higher revenues
• D) The government, which receives subsidy payments from producers that are required to sell more of the product at a higher price under the government's program

Describe the practical application of motivation theories in managerial decisions to improve work settings.

Understand the key components and differences between the two-factor theory and other motivational theories.

Identify the role of satisfier and hygiene factors in the two-factor theory.

Describe the characteristics and implications of McClelland's motivation theory, specifically the needs for achievement, power, and affiliation.

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Definitions:

Freezing Response

A behavioral reaction to a threatening stimulus characterized by immobility and the cessation of all movement, considered a survival mechanism.

Conditioned Emotional Response

The ability of a conditioned stimulus (CS) to elicit emotional reactions as a result of the association of the CS with a painful event.

Hyperactivity

A condition characterized by abnormal levels of activity, impulsivity, and difficulty maintaining attention, often associated with Attention Deficit Hyperactivity Disorder (ADHD).