What Type of Questions Can Be Answered with Economic Tools

question 19

Multiple Choice

What type of questions can be answered with economic tools without interjecting any value judgment as to whether the particular outcome is desirable or harmful?

• A) normative questions
• B) positive questions
• C) labor questions
• D) econometric questions
• E) public policy questions

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Definitions:

Autonomy Support

Providing employees with choice and encouragement for personal initiative.

Autonomy Support

is a management approach that involves understanding and encouraging employees’ self-initiated actions, promoting a sense of freedom and choice in their work.

Personal Initiative

The self-starting and proactive action that an individual takes to go beyond the basic requirements and bring about positive change.

Intrinsic Motivation

The drive to engage in activities for their own sake, deriving pleasure and satisfaction from the activities themselves rather than external rewards.