__________ Are Largely Innate Motives That Push Us to Investigate

question 6

Multiple Choice

__________ are largely innate motives that push us to investigate, and often change, the environment.

• A) Primary drives
• B) Stimulus motives
• C) Secondary motives
• D) Secondary drives

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Definitions:

Deadweight Loss

A reduction in economic effectiveness that happens when a good or service fails to reach or cannot reach its equilibrium.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price.

Elastic

A characteristic of supply or demand that indicates a high sensitivity to changes in price.

Inelastic

Describes a situation where a change in price leads to a relatively small change in the quantity demanded or supplied.