When a Tax Is Lowered This Will

question 224

Multiple Choice

When a tax is lowered this will

• A)raise both demand and supply.
• B)lower both demand and supply.
• C)lower only supply.
• D)raise only supply.

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Definitions:

Carl Rogers

An influential American psychologist who founded the person-centered approach to therapy, emphasizing empathy, unconditional positive regard, and genuineness in the therapeutic relationship.

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Rollo May

Rollo May was an American psychologist and one of the founders of existential psychology, emphasizing the importance of anxiety and the human condition.

Humanistic Theory

Humanistic theory emphasizes individual potential, self-growth, and the importance of meeting psychological needs for love, esteem, and self-actualization.