The "Real" Price of a Good Is Known as

question 133

Multiple Choice

The "real" price of a good is known as

• A) the absolute price of the good.
• B) the dollar price of the good since we use dollars in the United States.
• C) relative price of the good.
• D) the price actually paid for a good instead of the sticker price.

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Definitions:

External

Relating to, situated on, or coming from outside a particular place or entity.

Achievement Motivation

The drive or urge to attain a goal or a standard of excellence, often related to the persistence and effort people put into tasks to meet personal and societal criteria of success.

David McClelland

is known for his work on achievement motivation, including the theory that people are motivated by the need for achievement, power, and affiliation.

Need Achievement Theory

A psychological theory that explores motivation and focuses on how an individual's need for achievement influences their behavior and performance.