If the Opportunity Cost of Entrepreneurship Increases,the ________

question 120

Multiple Choice

If the opportunity cost of entrepreneurship increases,the ________.

• A) aggregate output of the economy will decrease
• B) price level in the economy will fall
• C) number of entrepreneurs in the economy will increase
• D) aggregate demand in the economy will increase

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Definitions:

Equity Theory

A theory in social psychology that explains how people strive for fairness and justice in social exchanges or give-and-take relationships, balancing the input they provide with the outcomes they receive.

Job Input

Refers to the various contributions, such as skills, effort, and time, that an employee provides to their job role or task.

Evaluative Tendency

A cognitive bias or predisposition towards assessing or judging situations, individuals, or objects in a particular way.

Emotional Labour

The effort required to manage and express emotions in a way that fulfills the emotional requirements of a job.