One of the Ten Principles of Economics in Chapter 1

question 133

Multiple Choice

One of the Ten Principles of Economics in Chapter 1 is that people face tradeoffs.The growth that arises from capital accumulation is not a free lunch.It requires that society

• A)conserve resources for future generations.
• B)sacrifice consumption goods and services now in order to enjoy more consumption in the future.
• C)recycle resources so that future generations can produce goods and services with the accumulated capital.
• D)None of the above is correct.

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Definitions:

Harshness

The tendency to perceive the job performance of ratees as especially ineffective.

After-hours Messages

Communications, typically in a work context, that are sent outside of normal business hours.

Work Engagement

A positive, fulfilling, work-related state of mind characterized by vigor, dedication, and absorption.

Vigour

Physical strength, energy, or intensity in action or expression.