Economists Normally

question 150

Multiple Choice

Economists normally

• A)do not try to explain people's tastes,but they do try to explain what happens when tastes change.
• B)believe that they must be able to explain people's tastes in order to explain what happens when tastes change.
• C)do not believe that people's tastes determine demand,so they ignore the subject of tastes.
• D)incorporate tastes into economic models only to the extent that tastes determine whether pairs of goods are substitutes or complements.

Reflect on the evolutionary and developmental perspectives on human needs and motivations.

Understand the concept of restricted and unrestricted gifts and their specific purposes.

Appreciate the importance of cost-effectiveness in fund-raising efforts.

Recognize the importance of setting fund-raising priorities and identifying prospects.

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Definitions:

Career

The pursuit of a lifelong ambition or the general course of progression towards lifelong goals.

Communication Skills

The ability to convey or share ideas and feelings effectively.

Career

The pursuit of a lifelong ambition or the general course of progression towards lifelong goals in professional life.

Communication Skills

The ability to convey or share information effectively through speaking, writing, or other forms of interaction.