A Recurring Theme in Economics Is That People

question 24

Multiple Choice

A recurring theme in economics is that people

• A)have unlimited resources but limited economic wants.
• B)can increase resources by limiting their economic wants.
• C)have limited economic wants and limited resources.
• D)have unlimited economic wants but limited resources.

---

Definitions:

Job Content

The specific duties, responsibilities, and functions of a job, which define its scope and nature.

Rewards

Benefits or compensations given to employees as a form of recognition for their contributions or achievements.

Expectancy Model

A theory in psychology that explains the processes that individuals undergo to make decisions based on expected outcomes and their perceived likelihood.

Motivation

The psychological process that stimulates an individual to act towards achieving a goal.