Figure 13-2 -Refer to the FigurE₁3-2.If the Interest Rate Was Initially at Rate

question 167

Multiple Choice

Figure 13-2

-Refer to the FigurE₁3-2.If the interest rate was initially at r₀ and an import quota was imposed,what would happen to the real interest rate?

• A)It would not change because the world interest rate is not affected.
• B)It would decrease because supply would shift right.
• C)It would not change because both supply and demand would shift right.
• D)It would decrease because demand would shift left.

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Definitions:

Extrinsic Rewards

Rewards from an external source, often used as incentives or compensation for certain actions or behaviors.

Demotivate People

Actions or conditions that lead to a decrease in an individual's motivation, enthusiasm, or willingness to engage in activities or achieve goals.

Job Characteristics Model

A framework suggesting that job design should consider five core dimensions (skill variety, task identity, task significance, autonomy, and feedback) to enhance employee motivation, satisfaction, and performance.

Freedom

The power or right to act, speak, or think as one wants without hindrance or restraint.