-The Change Reflected in the Above Figure Might Be a Result

question 136

Multiple Choice

-The change reflected in the above figure might be a result of

• A)a decrease in the quantity of capital.
• B)an increase in the quantity of labor.
• C)a rise in the money wage rate.
• D)a decrease in the money prices of resources other than labor.
• E)a fall in the price level.

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Definitions:

Incentive

Something that motivates or encourages an individual to take action or to perform a behavior.

External Goal

An objective or target that an individual aims to achieve, which is set outside of themselves, such as career achievements or material possessions.

Motivate Behaviour

The process of influencing or stimulating an individual to act in a certain way or pursue particular goals.

Biological Motives

Innate drives arising from biological needs that are critical for the survival and reproduction of an organism.