If the State Government Allocates Additional Spending on Education, the Opportunity

question 107

Multiple Choice

If the state government allocates additional spending on education, the opportunity cost is:

• A)zero.
• B)the dollar amount of the additional spending.
• C)considered only if taxes have to be raised to fund the spending.
• D)measured in terms of the best alternative uses for that money.

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Definitions:

McClelland's Need Theory

A motivational theory that identifies three primary needs driving human behavior: Need for Achievement, Need for Power, and Need for Affiliation.

Learned Needs

Psychological needs that are acquired through life experiences and socialization, influencing individuals' behavior and motivations in various contexts.

Affiliation

The sense of connection and belongingness between individuals or groups, often leading to mutually beneficial relationships.

Higher-order Need

A term in psychology referring to needs that go beyond basic survival, such as esteem, intimacy, and self-actualization.