Relative to a World in Which Some People Are Motivated

question 67

Multiple Choice

Relative to a world in which some people are motivated by nonmaterial incentives,if all people were motivated solely by financial incentives:

• A)transactions in the business world would be the same,but personal interactions would not.
• B)economic efficiency would be achieved more often.
• C)commitment devices would not be necessary,because there would be no commitment problems.
• D)both business transactions and personal interactions would be different.

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Definitions:

Two-speed

Describes a mechanism, such as a gearbox, with two operating speeds, allowing for a shift in performance or efficiency depending on the requirement.

Kingpin

A critical component in vehicle steering mechanisms or in the coupling between a trailer and a tractor, around which steering or pivoting occurs.

Steering Axles

Axles equipped with mechanisms to alter the direction of a vehicle's wheels, facilitating steering.

Tandem Drive Axles

A pair of drive axles in a vehicle, typically trucks or buses, that work in conjunction to distribute the weight and increase the vehicle's traction.