As Someone Driven by Intrinsic Motivation, Luca Works Hard Because

question 47

Multiple Choice

As someone driven by intrinsic motivation, Luca works hard because

• A)he appreciates the feeling of accomplishment his work provides him.
• B)of the quarterly incentives only available for high performers.
• C)he knows a promotion means a big pay raise.
• D)it will increase his opportunities for a lateral transfer.
• E)he knows the economy is struggling and layoffs are a possibility.

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Definitions:

Interest Rate

Borrowers face a cost, expressed as a percentage of the fundamental amount, for the privilege of using lenders' assets.

Supply of Loanable Funds

The total amount of funds available for borrowing in the economy, influenced by savings, government policies, and financial institutions.

Shift of the Supply Curve

A movement of the entire supply curve to the left or right, caused by a change in a factor other than the price of the good or service itself, indicating a change in the quantity supplied at every price.

Quantity of Loanable Funds

The total amount of funds available for borrowing in the financial markets, based on savings and the supply of credit.