The Reward Principle Helps Explain Why

question 46

Multiple Choice

The reward principle helps explain why

• A) proximity is rewarding.
• B) if others have similar opinions, we feel rewarded because we presume that they like us in return.
• C) we like to be liked and love to be loved.
• D) all of the choices are correct

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Definitions:

Fixed Supply

A situation where the quantity of a specific good available in the market cannot be altered in the short term.

Labor Productivity

A measure of economic performance that compares the amount of goods and services produced with the number of hours worked.

Labor Demand Curve

A graphical representation showing the relationship between the quantity of labor demanded by firms and the wage rate.

Labor Productivity

A measure of economic performance that indicates the amount of goods and services produced per unit of labor input.