When an Entrepreneur Like Bill Gates Makes $10 Billion Through

question 49

Multiple Choice

When an entrepreneur like Bill Gates makes $10 billion through creating and selling new products,

• A) there will be exactly $10 billion less for other individuals in the economy.
• B) the total size of the economic pie has been increased.
• C) there will be more than $10 billion in losses to other workers who lose their jobs.
• D) it is likely that the new products are not as good as other products that are available in the market.

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Definitions:

Social Exchange Theory

A conceptual framework suggesting that social behavior is the result of an exchange process, aiming to maximize benefits and minimize costs.

Altruistic Behavior

Actions taken to benefit others without expectation of reward or recognition, often at a cost to oneself.

Superordinate Goals

Superordinate goals are overarching objectives that can only be achieved by the cooperation of two or more individuals or groups, helping to reduce conflict by aligning interests.

Interracial Cooperative

Activities or initiatives that involve collaboration between people of different racial backgrounds, aimed at enhancing mutual understanding and social cohesion.