At the Beginning of 2017, Albert Planned to Buy a New

question 19

Multiple Choice

At the beginning of 2017, Albert planned to buy a new home theater system, laptop computer, and hybrid car by borrowing money. Albert already owes $9,000 on other loans. He also planned to buy a new iPod and humidor out of current income. A decrease in interest rates during 2017 will most likely

• A) cause Albert to decide to borrow less money, but not change what he planned to spend on goods purchased with current income.
• B) cause Albert to decide to borrow more money and to spend more on goods purchased with current income.
• C) cause Albert to decide to borrow more money, but not change what he planned to spend on goods purchased with current income.
• D) cause Albert to decide to borrow less money and to spend less on goods purchased with current income.

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Definitions:

Survival

Survival refers to the ability to continue living or existing, often despite adversity or challenging circumstances.

Self-Actualization

A state of psychological fulfillment, including acceptance of self and others, accurate perception of reality, close relationships, personal autonomy, goal directedness, naturalness, need for privacy, orientation toward growth, sense of unity with nature, sense of brotherhood with all people, democratic character, sense of justice, sense of humor, creativity, and personal integrity.

Physical and Emotional Needs

Basic requirements that must be fulfilled to maintain physical health and emotional well-being, including food, shelter, love, and belonging.

Motivate Behavior

The process of influencing or encouraging individuals to act or behave in a certain way.