Which one of the following statements most accurately indicates the basic motivation for behavior?
a. Individuals are motivated primarily by selfish desires; thus, personal costs and benefits influence their actions.
b. Individuals are motivated primarily by humanitarian concerns; therefore, personal costs and benefits exert little influence on most of their actions.
c. Individuals are motivated by a variety of forces; however, changes in personal benefits and costs influence the choices of both selfish and humanitarian individuals.
d. Individuals are motivated by a variety of forces; however, changes in personal benefits and costs affect behavior only when individuals are motivated by selfishness.
C
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The Fed has announced that its views its long term target for the inflation rate as:
A. 5%. B. 0%. C. 2%. D. 10%.
What is the underground economy and how could it hurt an economy? How does it hurt developing economies?
What will be an ideal response?
If the price level increases, then there will be
a. a movement upward along the AD curve b. a downward movement along the AD curve c. an AD curve shift to the right d. an AD curve shift to the left e. an AS curve shift to the right
Country A's overall balance in the balance of payments equals the:
a. Current account minus the capital account. b. Reserves account minus the current account. c. Reserves account plus the financial account plus the current account. d. Reserves account plus the financial/capital account. e. Zero when central banks do not intervene in the foreign exchange market.