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6 Cards in this Set
- Front
- Back
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What is a human need?
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A human need is a perceived lack of something, based on an actual experience (e.g. thirst, hunger)
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Explain the economic law of diminishing marginal utility.
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When a need is satisfied, an additional unit of the good brings a lower benefit/utility to the subject.
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What is the concept of demonstrated economic preference?
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Where people pay for a certain good a certain amount of money or another source, and this amount can be different at different times.
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Explain human values.
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Understood as a subject's relatively stabilized judgements of something.
- they are embedded in the consciousness more firmly than needs, but can still change over time. |
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Give examples of environmental human values.
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E.g. to breathe fresh, unpolluted air
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What do values drive?
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Value drive the perception of needs, human norms, and human interest (a term for the sphere of political science).
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