Indicate Whether Each of the Following Statements About Markets Is

question 61

Short Answer

Indicate whether each of the following statements about markets is true or false.
_______ a) Financial resources can be provided to a business by investors and creditors.
_______ b) Conversion agents are the businesses that transform resources into products that satisfy consumer desires.
_______ c) Physical resources include the labor of the production workers.
_______ d) Resource owners purchase their resources from conversion agents.
_______ e) Consumers are the main providers of resources in any market.

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Definitions:

Arousal Theory

A theory in psychology that suggests people are motivated to maintain an optimal level of arousal, neither too high nor too low.

Drive-Reduction Theory

A theory in psychology that explains motivation as being based on the goal of eliminating uncomfortable states.

Boredom

A state of mind characterized by a perceived lack of interest in one's surroundings, leading to feelings of frustration or disengagement.

Motivational Theories

Theories that seek to understand, explain, and predict how and why people are motivated to act in certain ways under various conditions.