According to the __________ approach,the more money each individual made,the harder he or she would work;or output would increase as wages rose.
A) hungry man
B) economic man
C) rational man
D) intrinsic man

Question

Quizplus · Accepted Answer

The economic man approach assumes that individuals act rationally to maximize their own self-interest and that they will work harder if offered higher wages. The hungry man approach assumes that individuals work solely to meet their basic needs, while the intrinsic man approach assumes that individuals are motivated by factors other than financial incentives, such as personal fulfillment or social recognition.

According to the __________ Approach,the More Money Each Individual Made,the