The Hierarchy of Needs,a Burglar Alarm Would Satisfy a __________

question 74

Multiple Choice

the hierarchy of needs,a burglar alarm would satisfy a __________ need.

• A) physiological
• B) safety
• C) social
• D) personal
• E) self-actualization

Identify the concepts of market failure including externalities, monopolies, and public goods.

Recognize the historical and theoretical background of key economic theories and figures such as Karl Marx and Adam Smith.

Appreciate the importance and function of competition in market economies.

Learn about the economic transition experiences of countries such as Russia and China from planned to market economies.

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Definitions:

Self-Efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Need For Achievement

A psychological trait that drives an individual to pursue and attain goals.

Performance Goal

Goals oriented towards demonstrating competence and being judged favorably by others.

Drive

An innate, biologically determined urge to attain a goal or satisfy a need.