A Comparison Between the Resource Allocation at Different Points on the Welfare

question 82

Multiple Choice

A comparison between the resource allocation at different points on the welfare frontier is difficult because:

• A)the shape of the welfare frontier is nonlinear.
• B)some of the allocations on the frontier are inefficient,and some are efficient.
• C)all the points on the welfare frontier are efficient.
• D)interpersonal utility comparisons cannot be made objectively.

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Definitions:

Motivation

The psychological forces or reasons that inspire individuals to take certain actions or pursue particular goals.

Employees Stop

Refers to a situation where employees cease work, often in the form of a strike or work stoppage, to protest working conditions, seek better wages, or other employment-related issues.

Hygiene Factors

Aspects of a job that can cause dissatisfaction if absent, according to Herzberg's motivation-hygiene theory, including salary, company policies, and working conditions.

Motivators

Factors that stimulate energy in people to be continually interested and committed to a job, role, or subject, and to exert persistent effort in attaining a goal.