Among Competing Issues,the Most Important Concern of Economics Is with The

question 138

Multiple Choice

Among competing issues,the most important concern of economics is with the:

• A) degree of competition in stock and bond markets in the economy.
• B) efficient use of limited productive resources to satisfy economic wants.
• C) issue of equality in the distribution of income and wealth among households.
• D) budget deficits in the domestic economy and trade deficits in the international economy.

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Definitions:

Job Diagnostic Survey

A tool used to measure the elements of a job, as per the Job Characteristics Model, to determine how motivating the job is for employees.

Growth Need Strength

The degree to which an individual desires and is motivated by opportunities for personal growth and development within their job or career.

Job Context

The work environment and all the conditions, including tasks and responsibilities, that influence one's job.

Motivating Potential Score

A numeric index used to predict job satisfaction and motivation potential, based on the design of a job and five core job characteristics.