Market Failure Can Be Caused by

question 2

Multiple Choice

Market failure can be caused by

• A)low consumer demand.
• B)equilibrium prices.
• C)externalities and market power.
• D)high prices and foreign competition.

Recognize the contributions and limitations of humanistic theory of personality on psychological thought and practice.

Understand the implication of needs at different levels of Maslow's hierarchy concerning motivation and personal fulfillment.

Understand the concept of autonomy in both humans and animals.

Recognize the ethical considerations involved in human and animal research.

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Definitions:

Nile River

One of the world’s longest rivers, flowing through northeastern Africa, it is a crucial water source for the countries it spans and has been integral to the region's history.

Confident

Feeling or showing certainty about something or self-assurance.

Correct

Conforming to fact or truth; free from error, in alignment with a standard or expectation.

Shifting Attention

The cognitive process of moving one's focus from one subject or object to another.