As a Task Becomes More Difficult,the Motivation for Engaging in the Task

question 9

Multiple Choice

As a task becomes more difficult,the motivation for engaging in the task becomes more:

• A)extrinsic.
• B)intrinsic.
• C)general.
• D)specific.

Appreciate the mutual benefits of trade and its exceptions.

Identify the causes and consequences of market failure.

Understand the premise of economic systems such as communism in resource allocation.

Analyze the rationality behind consumer choices and the concept of opportunity cost.

---

Definitions:

Opportunity Cost

The cost of the next best alternative foregone when making a decision.

Production Possibilities Frontier

A graph that shows the combinations of two goods that an economy can produce using all available resources and technology efficiently.

Constant

A value or factor that does not change in mathematical expressions or experiments, representing stability within a specified context.

Efficient

Describes a system or process that achieves its objectives with minimal waste of time or resources.