A Gold Standard Ensures a Long-Run Tendency Toward Price Stability

question 31

Multiple Choice

A gold standard ensures a long-run tendency toward price stability because

• A)gold is desirable
• B)gold is durable and storable
• C)the cost of producing an ounce of gold stays relatively constant overtime
• D)gold supply is directly related to consumer satisfaction

Explain the strategies for restoring equity as per Adams' theory of inequity.

Distinguish between various types of involvement based on the notion of social exchange in organizational settings.

Comprehend the role of personal needs and how they impact work behavior and motivation, including the need for affiliation.

Discuss the evolution of motivational theories and the emergence of new perspectives in the past decade.

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Definitions:

Action Alternatives

Action alternatives are the different courses of action or strategies that can be taken in response to a specific problem or situation.

Optimising Decision

Chooses the alternative giving the absolute best solution to a problem.

Absolute Best Solution

The optimal resolution to a problem or challenge, surpassing all other alternatives in effectiveness.

Minority Domination

A situation in which a smaller or less powerful group controls or influences a majority or more powerful group.