Private Costs

question 207

Multiple Choice

Private costs

• A)are borne by producers of a good while social costs are borne by government.
• B)are borne by consumers of a good while social costs are borne by government.
• C)are borne by producers of a good while social costs are borne by society at large.
• D)are borne by producers of a good while social costs are borne by those who cannot afford to purchase the good.

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Definitions:

Physiological Needs

The basic, essential requirements for human survival, such as food, water, shelter, and air, which are the foundation of Maslow's hierarchy of needs.

Affiliation Needs

Refer to an individual's need to build and maintain relationships or be part of groups.

Motivational Patterns

Motivational patterns refer to the systematic ways in which motivations influence behaviors and decisions, indicating underlying psychological factors driving individuals.

Employee Motivational

Techniques and strategies used to inspire employees to perform well and achieve their goals.