The Term _____________ Describes a Situation Where a ________________ Causes

question 28

Multiple Choice

The term _____________ describes a situation where a ________________ causes a reduction in the buying power of income, even though actual income has not changed.

• A) substitution effect; lower price
• B) intertemporal budget; higher price
• C) income effect; higher price
• D) intertemporal budget; lower price

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Definitions:

Motivational Factors

Aspects of Herzberg’s theory of motivation that focus on the content of the work itself; these aspects include achievement, recognition, involvement, responsibility, and advancement.