It Is Recommended That Global Leaders Must

question 16

Multiple Choice

It is recommended that global leaders must:

• A) tap into a deep, universal layer of human motivation.
• B) recognize that universal needs rarely exist across cultures.
• C) emphasize extrinsic (external) motivation for most workers.
• D) recognize that people will work for a cause but die for money.

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Definitions:

Market Economy

An economy in which decisions about production and consumption are made by individual producers and consumers.

Public Goods

Items that cannot be restricted to non-payers and whose consumption by one individual does not diminish availability to others; these are accessible to all, regardless of payment.

Positive Externalities

External benefits.

Common Resource

A type of good that is non-excludable but rivalrous, meaning it is available to everyone but its consumption by one person can limit availability to others.