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

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

Answer: A

Economics

You might also like to view...

Refer to Scenario 12.1. What is the probability of Paula trying to rescue the man and Simon not helping?

A) 9% B) 21% C) 49% D) 70%

Economics

Over the post-war era, the gaps between countries' living standards

A) disappeared. B) stayed the same. C) increased. D) decreased. E) changed inconsistently.

Economics