When Price Is the Rationing Criterion, Individuals Have a Strong

question 179

Multiple Choice

When price is the rationing criterion, individuals have a strong incentive to

• A) ignore the wishes of others when making decisions about how to use their resources.
• B) provide services to others in exchange for income.
• C) avoid exchanges because in every exchange there will be one person who gains and another who loses.
• D) substitute promises for the consistent delivery of a quality product.

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Definitions:

Steven Jobs

A pioneer of the personal computing industry and co-founder of Apple Inc., known for his significant contributions to technology and innovation.

Leadership

The act of guiding or directing a group towards achieving a common goal, often characterized by the ability to inspire and influence others.

Transformational Leadership

A leadership approach that causes change in individuals and social systems, aiming to develop followers into leaders.

Intellectual Stimulation

The degree to which a leader challenges assumptions, takes risks, and stimulates followers to be creative and innovative.