#1
Which of the following is a basic economic concept representing an individual's preference for one good over another?
#2
According to Maslow's Hierarchy of Needs, which category includes the need for safety, security, and stability?
#3
Which economic concept refers to the ability of a good or service to satisfy human wants and needs?
#4
In psychology, which theory suggests that people are motivated by a hierarchy of needs, with basic needs at the bottom and higher-level needs at the top?
#5
Which economic concept refers to the highest-valued alternative that must be sacrificed in order to choose an option?
#6
In economics, what is the term for the total value of all goods and services produced by a country in a specific time period?
#7
What economic term is used to describe the situation where one party in a transaction has more information than the other, leading to imbalances in decision-making?
#8
In marketing, what term is used to describe the set of controllable tactical marketing tools that a company uses to produce a desired response from its target market?
#9
In ethics, what principle suggests that one should always act in a way that treats others as ends in themselves, never as a means to an end?
#10
In international trade, what term is used to describe a situation where a country exports more than it imports, resulting in a positive balance?
#11
According to John Locke's labor theory of value, what determines the value of a good or service?
#12
In ethical philosophy, what theory asserts that the morality of an action is determined by its consequences?
#13
What is the economic term for the situation where the total quantity of goods and services demanded exceeds the total quantity supplied, leading to an increase in prices?
#14
Which economic system is characterized by private ownership of the means of production, free market competition, and limited government intervention?
#15
In the context of business ethics, what term refers to the practice of avoiding actions that could be considered ethically questionable, even if they are technically legal?
#16
In ethics, which approach focuses on the idea that the rightness or wrongness of an action is determined by the intentions behind it rather than the consequences?
#17