Economics Seeks to Use Only Positive Analysis to

question 60

Multiple Choice

Economics seeks to use only positive analysis to

• A)provide a value-free analysis.
• B)seek the best answer.
• C)predict how people should act.
• D)provide normative values.

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Definitions:

McGregor

Refers to Douglas McGregor, a social psychologist best known for proposing two theories of human motivation and management: Theory X and Theory Y.

Existence Need Category

A category in Maslow's hierarchy of needs that includes basic physical requirements such as food, water, and shelter.

Physiological

Relating to the functions of living organisms and their parts, or the physical and chemical factors and processes involved.

Clayton Alderfer

An American psychologist known for developing ERG Theory, which categorizes human needs into existence, relatedness, and growth categories.