Which is the final stage of Maslow's Hierarchy of Needs?
a. self-actualization
b. esteem needs
c. belonging and love
d. safety
Ans: a. self-actualization
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If politicians decide to proceed with protection, why might economists prefer tariffs to quotas? Explain at least three reasons
What will be an ideal response?
According to Tobin's q theory, when equity prices are low the market price of existing capital is ________ relative to new capital, so expenditure on fixed investment is ________
A) cheap; low B) dear; low C) cheap; high D) dear; high
If a non-renewable resource is scarce, has constant marginal cost of production, and is sold in a competitive market,
A) its price will increase over time. B) its price will exceed marginal cost. C) its price will increase by the rate of interest. D) All of the above.
Under what conditions is an economy's production possibilities frontier also its consumption possibilities frontier?