Relative to a world in which some people are motivated by nonmaterial incentives,if all people were motivated solely by financial incentives:
A)transactions in the business world would be the same,but personal interactions would not.
B)economic efficiency would be achieved more often.
C)commitment devices would not be necessary,because there would be no commitment problems.
D)both business transactions and personal interactions would be different.

Question

Quizplus · Accepted Answer

Trust,honesty and other nonmaterial incentives operate in both the business community and in personal interactions.

Relative to a World in Which Some People Are Motivated