According to Maslow's Hierarchy of Needs, physiological is the most basic. What is the need that comes next?
a. Esteem
b. Self-Actualization
c. Belongingness and Love
d. Safety
D
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According to the liquidity premium theory of the term structure, a downward sloping yield curve indicates that short-term interest rates are expected to
A) rise in the future. B) remain unchanged in the future. C) decline moderately in the future. D) decline sharply in the future.
Price ceilings can result in a net loss in consumer surplus when the ________ curve is ________
A) demand; very elastic B) demand; very inelastic C) supply; very inelastic D) none of the above; price ceilings always increase consumer surplus
Private costs are the same as
A) implicit costs. B) external costs. C) public costs. D) internal costs.
This graph depicts a tax being imposed, causing demand to shift from D1 to D2. The amount of tax revenue being generated by the tax imposed in the graph shown is:
A. area P2CAP4.
B. area P1DBP3.
C. area ABC.
D. area ABCD.