Dropping Out of College to Devote Time to a Promising

question 180

Multiple Choice

Dropping out of college to devote time to a promising business start-up is most directly an application of the principle of:

• A) gains from trade.
• B) returns from specialization.
• C) marginal thinking.
• D) opportunity cost.

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Definitions:

Specific Needs

Particular requirements or desires that individuals or systems have for functioning and wellbeing.

Self-Actualizers

Self-actualizers are individuals who have realized their potential and have attained the highest level of psychological development according to Maslow's hierarchy of needs, focusing on personal growth and fulfillment.

Metaneeds

According to Maslow, higher-level psychological needs for realizing one's full potential and expressing one's uniqueness.

Full Development

The complete growth or realization of an individual's potential or capabilities.