When You Feel Hunger or Thirst, Each of These Psychological

question 55

Multiple Choice

When you feel hunger or thirst, each of these psychological states would be classified as which element of motivation?

• A)need
• B)drive
• C)deprivation
• D)incentive value

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Definitions:

Labor

The exertion of mental or physical strength by humans to create goods and services.

Fixed Cost

Fixed cost refers to a cost that does not change with the level of goods or services produced by a business over a certain period.

Production

The creation or manufacture of goods and services with the combination of labor, equipment, technologies, and raw materials.

Diminishing Returns

A principle stating that if one factor of production is increased while others are held constant, the output per unit of the variable factor will eventually decrease.