Which of the Following Are Examples of "Personal Needs

question 288

Multiple Choice

Which of the following are examples of "personal needs"?

• A) Needs for food, liquid, and rest.
• B) Needs for accomplishment, fun, and freedom.
• C) Needs for solutions, protection, and physical well-being.
• D) Needs for love and friendship.
• E) Needs for status and connecting with others.

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Definitions:

Law of One Price

The law of one price posits that in efficient markets, identical goods should have only one price, accounting for transportation costs and after tax adjustments.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another.

Canadian Dollars

The Canadian Dollar is the currency of Canada, symbolized as CAD or C$, and it is one of the major currencies traded globally.

Law of One Price

An economic theory stating that in an efficient market, identical goods must have only one price, taking into account factors like transportation costs and trade barriers.