Did Einstein say compound interest is the 8th wonder of the world?

Answers

Answer 1

The answer is yes. Einstein said that compound interest is the 8th wonder of the world. Einstein recognized the value of compound interest and understood that it was one of the most powerful tools available for building wealth over time.

Albert Einstein is a name that needs no introduction; he is one of the most well-known scientists of all time. Einstein is known for his contributions to the field of physics, including the theory of general relativity, but he also had a great deal of wisdom about other subjects, including finance.

Compound interest is essentially interest that is earned on interest, so if you invest $100 at 10% interest and leave it there for ten years, you'll earn $10 of interest in the first year, but in the second year, you'll earn $11 of interest because you'll earn interest on the original $100 as well as the $10 of interest you earned in the first year.

The idea is that over time, the interest you earn will compound, resulting in a significant amount of wealth if you start early enough. Einstein's statement that compound interest is the 8th wonder of the world is a testament to the power of investing early and allowing time for interest to compound.

In essence, he believed that by investing early and often, anyone could become financially independent through the power of compound interest.

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Related Questions

What weakness of the U.S. Government, under the Articles of Confederation is being described? The national government was not as powerful as the state of Rhode Island. The national government did not have the power to regulate commerce. The national government was not able to regulate each state's currency. The national government did not have the power to write amendments.

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The correct answer is the following.

Unfortunately, you did not include the text or the description to know what specifically you are talking about.

So that being the case, we can only comment on the following. All of the above-mentioned statements are true.

The Articles of Confederation gave the states too much power. Indeed, the states remained sovereign under the Articles and they were the ones who could collect money through taxes, The central government remained weak, And when Congress needed money, it had to ask for it from the states. Congress couldn't regulate trade between the states or foreign trade. That is why the delegates from the colonies met at the Constitutional Congress in Philadelphia, Pennsylvania in the summer of 1787, to change the articles and create the new Constitution of the United States.

After conducting interviews with adults and researching voting rights and interest groups, take a position and make a case as to why your peers should or should not get involved in effecting change in the United States of America. Be sure to address multiple ways citizens and residents can get involved

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By signing up to vote and casting a ballot in elections, people of the United States have a duty to participate in their governance. Voting gives people a voice in their government and contributes to the maintenance of the democratic representative system. The media, the role of emotions, political socialisation, tolerance of variety in political viewpoints, and other factors are all important public impacts.

Many eligible voters citezen being too busy as their excuse for not casting a vote. 43% of all claimed reasons for not enjoying voting right were due to responsibilities connected to daily living. This included being overworked (24%), unwell or disabled (11%), or away from home (9%).

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what the ordinary products should i use quiz

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The Ordinary Squalane Cleanser and The Ordinary Natural Moisturizing Factors. It's also essential to consider factors such as your skin type, hair type, and any allergies when selecting these products.

Here's a concise list of some essential everyday products that you might find useful:

1. Toothpaste: Necessary for maintaining oral hygiene and keeping your teeth clean.
2. Shampoo: Helps cleanse your hair and scalp, removing dirt and excess oil.
3. Soap or Body Wash: Used to keep your skin clean and fresh.
4. Deodorant: Keeps you smelling pleasant by reducing body odor.
5. Laundry Detergent: Cleans your clothes and removes stains.
6. Dish Soap: Ensures that your dishes are clean and free of bacteria.
7. All-Purpose Cleaner: Handy for cleaning various surfaces in your home, like countertops and floors.
8. Facial Cleanser: Gently cleans your face without causing irritation.
9. Moisturizer: Helps maintain your skin's hydration and overall health.
10. Sunscreen: Protects your skin from harmful UV rays when outdoors.

Remember to choose products that suit your personal needs and preferences. It's also essential to consider factors such as your skin type, hair type, and any allergies when selecting these products.

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What is defined as the people that carry out the ruling authority over a political unit?

Economics


Authoritarian


Government


Diplomacy

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Answer: ACKNOWLEDGEMENTS Special thanks goes to God, the unconditional love and support of my wife, parents and extended family, my dissertation committee, Alex, the institutions of the United States of America, the State of South Carolina, the University of South Carolina, the Department of Political Science faculty and staff, the Walker Institute of International and Area Studies faculty and staff, the Center for Teaching Excellence, undergraduate political science majors at South Carolina who helped along the way, and the International Center on Nonviolent Conflict. This work was partially supported by a SPARC Graduate Research Grant from the Office of the Vice President for Research at the University of South Carolina and the Sueng Yeun Kim dissertation grant from the Center for Asian Studies at the Walker Institute. I would especially like to acknowledge approximately half of Earth’s population currently living under some form of non-democracy. This work is not intended to disparage you or your country or your culture in any way shape or form. This work is designed to 1) help foster understanding and cooperation between people that reside in democracies and those that live in dictatorships, 2) highlight nonviolent approaches to governance that can hopefully prevent some of the atrocities that tend to occur more often in dictatorships, and 3) move us further along in the quest for a universal understanding of good governance. Henry, remember that knowledge is one thing that no person and no government can ever take away from you. Acquire as much of it as you possibly can.

Explanation:

Select two environmental issues faced by Mexico today that were discussed in the chapter. Write a paragraph about each issue explaining the causes and effects of the problems. hurry need it ill give brainliest

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Answer:

What kind of cell is made of only DNA, ribosomes, cytoplasm and a cell membrane?(A)amoeba(B)bacteria(C)mitochondria(D)yeast

Explanation:

What thinkers’ ideas do you see reflected in the American Revolution, and the constitution and the system of government they created? Be specific!

Answers

Thomas Paine and John Locke are the two most influent philosopher whose ideas are reflected in american revolution

Thomas paine authored two books

1) Common sense

2) The american crisis

These two books influent most of the american people. Common sense is the first pamphlet which advocated American independence and he also talks about the The rights of the men

John Locke believed people are born free and equal with 3 natural rights

1) life

2) liberty

3) property

Locke's theory had a deep influence on modern political thinking, which directly influenced the American Revolution and he is also known as father of liberalism.

Also because of his law of social contract and theory of right to revolution he is regarded as one of the father of american revolution .

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What high-ranking government official’s husband was attacked and seriously injured in his home during the last week?.

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David DePape is accused of entering Pelosi's house and hitting him with a hammer.

“We are coordinating carefully with federal and nearby regulation enforcement partners on this research.

We are able to carry ahead a couple of felony fees on Monday and count on DePape to be arraigned on Tuesday. DePape will be held accountable for his heinous crimes,” she wrote.

San Francisco Police leader William Scott said the suspect continues to be inside the sanatorium, as of Friday night time, however, may be booked into prison on felony prices.

all people with information are asked to name the SFPD Tip Line at 1-415-575-4444. Humans also can textual content TIP411 and begin a message with the police department, the announcement said.

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why is farming an important source of livelihood in the village​

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Answer:

Agriculture provides more than food. It contributes to economic growth, to better livelihoods and to provision of environmental services important to poor people in urban and rural areas. ... It suggests roles for the international community and development agencies, including DFID

Explanation:

not sure

Explanation:

Farming is a important lively houd of a village. so villages have little food so farmers help with food. People also can sell their crops for live stock and other things for there farm

Leadership is more effective to the degree that followers' behaviors toward the leader's goals are ________
-motivated by external factors.
-voluntary.
-coerced.
-nonpolitical.

Answers

Leadership is more effective to the degree that followers' behaviors toward the leader's goals are voluntary.

Leadership is the act of guiding and influencing individuals or groups towards a common goal. Leaders must possess the ability to lead individuals or groups towards achieving a common objective. A leader must have the ability to influence and motivate their followers in the right direction.

Leadership is more effective when the followers voluntarily follow the leader. The more leaders can inspire their followers to pursue their vision, the more effective they are. It is because voluntary followers do not require to be coerced or forced to work towards achieving their leader's goal. Instead, voluntary followers are willing to follow their leader's guidance, advice, and direction.

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What were the interventions that world leaders used to combat the Great Depression? WILL NAME BRAINLIEST

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Answer:

Major federal programs and agencies included the Civilian Conservation Corps (CCC), the Civil Works Administration (CWA), the Farm Security Administration (FSA), the National Industrial Recovery Act of 1933 (NIRA) and the Social Security Administration (SSA).

Hello! I’m quite stumped on these two questions! I would like some help!
Thank you,
1. During Era 4, did Japan experience societal collapse? Did connections among communities in Japan increase or decrease?

2.You’ve read about collapse and recovery all over the huge connected landmass of Afro-Eurasia. Can you think of any ways that the small island of Japan might have been influenced by decline and recovery in the rest of Afro-Eurasia?

Answers

The Tokugawa period was marked by internal peace, political stability, and economic growth. Social order was officially frozen, and mobility between classes (warriors, farmers, artisans, and merchants) was forbidden. The samurai warrior class came to be a bureaucratic order in this time of lessened conflict.  

This is the first one hope it helps ... Sparkles

The Tokugawa Period, commonly known as the Edo Period for the city where the shogun had his capital, began with Tokugawa Ieyasu's victory over Toyotomi Hideyoshi's soldiers at the Battle of Sekigahara in 1600 and the consolidation of power.

What is Japan known for?

Inventions like karaoke and vending machines, cutting-edge technology like Japanese cars and bullet trains, bizarre inventions like Mount Fuji and cherry blossoms, traditional values like politeness and punctuality, well-known anime and manga, and delectable cuisines like ramen and sushi are just a few of the things that make Japan famous.

Japan's seclusion was broken in 1853 when Commodore Matthew Perry of the US Navy sailed into Tokyo harbor in command of a squadron that included two steamships and two sailing ships. He tried to pressure Japan into ending its isolation and opening its ports to American merchant ships.

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The industrial revolution encouraged imperialism for all of the following reasons EXCEPT: *

a. Industrial nations wanted access to raw materials and markets

b. Missionaries felt a sense of duty to bring Christianity to the ‘uncivilized’

c. Industrial nations wanted military bases for strategic reasons

d. Industrial nations respected native populations and their traditions

Answers

Answer: d. Industrial nations respected native populations and their traditions.

Explanation:

The Industrial Revolution led to a huge increase in the production of goods and services as well as improvements in military might and urbanization.

This led to the need for new markets as well as raw materials and the need for strategic basis to house the improved armies of these nations. Missionaries also felt a need to bring nations they felt were uncivilized up to speed and all these factors therefore contributed to imperialism.

Industrial nations did not become imperialistic because they respected the native populations of the areas they took over. If that were the case, the atrocities committed against a great number of them would not have happened.

Why did the congrass allow more black soilders to join

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When are we talking during the civil war?

Which theorist viewed socialization as a series of steps that take place over a
person's lifetime?

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The theorist that has viewed socialization as series of steps that take place over a person's lifetime is Lawrence Kohlberg.

Psychologist Lawrence Kohlberg is known to be one who was said to have concluded that humans go through a series or what we call a sequence of stages in the growth of morality. He is most well-known among psychologists for his research in moral psychology.

Kohlberg held that there are common patterns of social life, observed in universally occurring social institutions, such as families, peer groups, structures and procedures for clan or society decision-making, and cooperative work for mutual defense and sustenance. In similar way he also viewed socialization as a series of steps that take place over a person's lifetime

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unlike other racial and ethnic groups white people can reasonably count on seeing themselves representative movies in series if they were to log onto netflix or access some other media outlet this is one of many examples of

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Unlike other racial and ethnic groups, white people can reasonably expect to see themselves represented in series movies if they log onto Netflix or another media outlet. This is just one example of an invisible knapsack of privileges.

Peggy McIntosh, an American feminist scholar and anti-racist activist, wrote "White Privilege: Unpacking the Invisible Knapsack" in 1989. It covers 50 examples, or hidden benefits, of white people's privilege in everyday life, as seen by McIntosh. Netflix is a subscription-based streaming service that allows our members to watch TV shows and movies on any device that has access to the internet. You can also download TV shows and movies to your iOS, Android, or Windows 10 device and watch them offline, depending on your plan.

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Country X holds regular elections for a legislature, though most of its citizens have little faith in the validity of the results. Its powerful military operates largely outside of the control of the government, but it does not control the actions of the government. The government executive wields enormous power, but there is also a judiciary that occasionally rules on constitutional matters. A number of political parties compete with each other, but the government regularly restricts their campaigning activities. Based on this description, in which category could Country X most reliably be placed

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The correct answer to this open question is the following.

Unfortunately, you did not attach the options for this question.

However, trying to help you we can comment based on our knowledge of the topic.

Based on this description, the category in which Country X could most reliably be placed is "hybrid regime."

This is a strange political regime that combines autocratic and dictatorial forms of government with some traits of democracy. The corrupt government allows for elections so people can participate in this to elect the President and their representatives, but not always respect the results of the election if the winner is not the candidate that favors the interests of the people in power.

Theory is a moral philosophy that certain rights and moral values are timeless and universal and discoverable through human reason. multiple choice
a. virtue
b. legal
c. natural
d. divine

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Natural Theory is a moral philosophy that certain rights and moral values are timeless and universal and discoverable through human reason.

According to natural law theory, an action is right if and only if it is in accordance with human nature. According to the ethics and philosophy notion known as "natural law," human beings have inherent values that guide their thought and conduct. According to natural law, humans naturally possess these concepts of good and wrong. They were not developed by society or legal authorities.

The fundamental element of the natural law theory is that all people are inherently capable of knowing it, it is provided by God, and it is naturally authoritative over everyone.

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even though social institutions often treat social identities such as gender, race, and class as separate categories, these social identities are experienced simultaneously. this idea is called

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Even though social institutions often treat social identities such as gender, race, and class as separate categories, these social identities are experienced simultaneously. This idea is called intersectionality.

Intersectionality is an analytical tool that recognizes that systemic inequalities are configured from the superposition of different social factors such as gender, ethnicity and social class.

This category of analysis is used to refer to the components that converge in the same case, multiplying the disadvantages and discriminations.

This approach allows us to contemplate the problems from an integral perspective, studying them simultaneously, avoiding simplifying the conclusions and, therefore, the approach to said reality.

Therefore, we can conclude that even though social institutions often treat social identities such as gender, race, and class as separate categories, these social identities are experienced simultaneously. This idea is called intersectionality.

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Short paragraph for a year 9 student about positivism

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Positivism is a philosophical approach that believes in knowledge that can be scientifically proven. It emphasizes the importance of empirical evidence and scientific methods in understanding the world. Positivists believe that knowledge can be objective and free from personal biases. They see science as a means of discovering the truth about the world and rely on observation, experimentation, and measurement to validate their claims. In short, positivism is a way of thinking that prioritizes scientific evidence and logical reasoning.

If you expect class to begin promptly on time, you are most likely from which type of culture?.

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You are most likely from monochronic culture.

What is monochronic culture?

One event at a time is planned in a systematic way in the monochronic culture.

Employees that operate in a polychronic environment can multitask.

In contrast, polychronic people are more adaptable when it comes to time management, and they have no trouble balancing task-oriented and socio-emotional activities.

While polychronic work styles may place more weight on building relationships than keeping to a strict schedule, monochronic work styles place more value on being on time for meetings.

The U.S., Israel, Germany, and Switzerland are a few nations with monochronic cultures.

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Which of the following is made by the aerospace industry in California?
A. aircraft


B. missile systems

C. radar technology





D. semiconductors

Answers

Answer: A. Aircrafts.

Explanation: It's A because they made over 300,000 airplanes, another fun fact: The aerospace industry is larger than both agriculture and hollywood combined!

the answer is a aircraft.

Some of our folk musical instuments are on the verge of extinction?What should be done to preserve them?Present your data in 4 points?​

Answers

1. We have to create awareness about important of our folk instrument . 2.We have to put it in a safe place. 3. We have to play it . 4. We have to preserve it in museums or in other place. Please make my answe brainlist

Sometimes a group member might choose to resist a norm, while still actively working to promote a group goal. For example, the hold-out juror in the film (and play) 12 Angry Men initially declines to endorse the seemingly obvious initial consensus reached by the rest of the jury, in order to have a more detailed discussion of the case. This resistance of a norm, in order to foster a more productive group experience, is also known as

Answers

Constructive nonconformity is the term for resisting a standard in order to provide a more positive social experience.

Who is the hold-out juror in the film 12 Angry Men?

The hold-out juror in the film (and play) 12 Angry Men is Juror 8. Juror 8 initially declines to endorse the seemingly obvious initial consensus reached by the rest of the jury, in order to have a more detailed discussion of the case.

Sometimes, a group member might choose to resist a norm while still actively working to promote a group goal. This resistance of a norm, in order to foster a more productive group experience, is also known as constructive nonconformity. It is the resistance of a group member to a norm for the purpose of changing and improving the group's performance.

The constructive nonconformity is when the members of the group express their disagreement with the group's decision without sabotaging the goal of the group. Constructive nonconformity involves being respectful, positively challenging the status quo, and offering ideas on how to improve the situation. It is essential to maintain a balance between conformity and nonconformity because too much conformity can lead to groupthink, while too much nonconformity can cause group disruption.

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how does rose mary try to keep rex from spending the family's money? group of answer choices she takes it to a bank and does not tell him. she lets the children handle the money. she hides it in the house. she spends it all before he can get at it.

Answers

Rose Marie tries to stop Rex from spending the family's money by taking him to the bank and not telling him. Here option A is the correct answer.

If Rose Mary is trying to keep Rex from spending the family's money, it seems that she is using a deceptive approach. According to the given information, she tells Rex that she left the money at school and then hides it until she goes to the bank. Once she has the money, she pretends that she lost it.

This behavior suggests that Rose Mary does not trust Rex with money and believes that he may spend it recklessly or irresponsibly. By hiding the money and pretending to have lost it, Rose Mary is attempting to control the family's finances without Rex's knowledge or input.

While this approach may prevent Rex from spending the family's money, it is not a sustainable or healthy solution to their financial problems. It is important for couples to communicate openly and honestly about their finances and work together to create a budget and financial plan that works for both of them. Deception and secrecy are not the foundation of a healthy relationship, including a healthy financial relationship.

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Complete question:

How does Rosemary try to keep Rex from spending the family's money?

A - she takes it to a bank and does not tell him.

B - she lets the children handle the money.

C - she hides it in the house.

D - she spends it all before he can get at it.

The capacity to respond in a similar way to similar stimuli is known as…
a Simple discrimination
b Stimulus discrimination
c Stimulus generalization
d Stimulus inhibition

Answers

c) Stimulus generalization. Stimulus generalization refers to the tendency to respond in a similar way to stimuli that are similar to the original stimulus.

It is the capacity to generalize learned responses to other stimuli that share common features or characteristics with the original stimulus. When stimulus generalization occurs, a conditioned response that has been acquired through conditioning or learning is elicited not only by the original conditioned stimulus but also by similar stimuli. The degree of similarity between the original stimulus and the new stimuli determines the extent of generalization.

For example, if a person has learned to fear a specific type of dog due to a negative experience, they may generalize that fear response to other dogs that resemble the original dog in terms of size, shape, or color. The fear response is not limited to the exact dog involved in the initial experience but extends to similar dogs.

Stimulus discrimination, on the other hand, refers to the ability to differentiate between different stimuli and respond selectively to specific stimuli while inhibiting responses to others.

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Why would understanding the current climate and the prehistoric climate of fossils be important to the idea of continental drift?

Answers

Answer:

https://physicstoday.scitation.org/do/10.1063/PT.5.010282/full/

Will help you here. It's an article and gives you facts and answers

Explanation:

Hope that this helps a lot! :)

Have a great rest of your day/night!

Continental drift is the hypothetical situation that assumes that the Earth's continents have moved over the geological time in relation to each other, this shows the drifting of the ocean bed across the globe.

The fossils are the most important evidence for knowing the idea of continental drifts because it was strongly supported by the Theory of Continental Drifts.

For knowing the continental drift the current climate and prehistoric climate of the fossil is necessary to understand as it helps to know the particles included in the fossil that affects the happening of the drifts. The current climate shows the effect of the fossil over the drift and the prehistoric climate shows the changes in the current climate due to previous prehistoric climate changes.

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the first time you hear a song on the radio you hate it. after you hear the song many times you start to enjoy it. what is this an example of? a. bystander effect b. triangular theory of love c. two-factor theory of emotions d. mere exposure effect

Answers

After someone hears a song multiple times, and starts enjoying it, then this situation can be regarded as an example of a mere exposure effect. Therefore, the option D holds true.

The mere-exposure effect can be referred to or considered as an effect wherein an individual starts to feel a sense of positive connection towards a thing after doing it repetitively. However, the thing is not enjoyed as much by the individual in the beginning. Therefore, the significance of the mere-exposure effect has been aforementioned.

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the two most common primary research methods in the social sciences are

Answers

The two most common primary research methods in the social sciences are observation and experimentation.

Research methods refer to the various techniques and methods used by researchers to collect and analyze information on a particular subject matter. The social sciences are the various fields of study that investigate human society and social relationships. The primary research method is the first-hand collection of data by the researcher, which involves interacting with the subject. The two most common primary research methods in the social sciences are observation and experimentation. Observation is the primary research method that is used by researchers in the social sciences to gather data. Observation involves the use of the senses to gather information about a particular subject or phenomenon. Researchers use observation to gather information about a subject's behavior, physical characteristics, and environment. Experimentation is another primary research method used in the social sciences. Experimentation is the process of creating a controlled environment to test a hypothesis. It is a research method in which the researcher manipulates one or more variables and observes the effect of the manipulation on other variables.

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Which statement is true about a chemical reaction at equilibrium?.

Answers

The rates of the forward and reverse reactions must be equal for a chemical equilibrium to occur.

What is Chemical Equilibrium?

This occurs in a reversible chemical reaction in which there is no net change in the amounts of reactants and products.

This is a result of the forward and reverse reactions being equal thereby making it the most appropriate choice.

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An internal state of tension that pushes one to act is __________, while __________ is an external stimulus that pulls one to act. A. extrinsic motivation . . . intrinsic motivation B. drive . . . incentive C. intrinsic motivation . . . extrinsic motivation D. incentive . . . drive

Answers

Answer:

Option B. is correct

Explanation:

An internal state of tension that pushes one to act is drive, while incentive is an external stimulus that pulls one to act.

Both an internal state of tension and any external stimulus motivates behavior.

Drive focuses on internal factors in motivation. According to incentive theory, people get motivated by external rewards.

Therefore,

Option B. is correct

Answer:

B

Explanation:

edge 2021

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Mr. Franklin was a wise man, and when he found his son bent on a sailor's life, determined to give him a taste of it, in the hope that this would be enough. John was therefore taken from school at the age of thirteen, and sent in a merchantman to Lisbon. The Bay of Biscay, however, did not cure his enthusiasm; and so we next find John Franklin as a midshipman on board the Polyphemus, seventy-four guns.What two ideas do these sentences reveal about the author's point of view? The author admires John Franklin for his unwavering enthusiasm. The author supports Mr. Franklin's strategy to deter his son. The author is indifferent about John Franklin's determination. The author believes Mr. Franklin's plan reinforces his son's ambition. The author thinks John Franklin was too young to sail. 18 is 32% of what number w A baseball of mass 0.3 kg and a tennis ball of mass 0.5 kg possess equal momentum. What is the velocity of tennis ball if the baseball is moving at 21 ms ? 1. You are actually growing when you are recovering from an injury or just healingfrom a cut. True or False What's the total amount of apples if 30 of them are 15%? Which element has the greater ionization energy?Na or K which term completes the text box below? a dove mentality b hawk mentality c credibility gap d living-room war educating and training people to create a better economy is an example of :human capital gross domestic product literacy rate capital investment For Gerald the Human Cannonball, as Gerald falls back toward the Earth, he gains more of what type of energy b) At what rate percent per annum compound interest will Rs 2,500 amount to Rs 2,704 in 2 years? consider a population undergoing logistic growth with population parameters rmax = 0.1 year1 and k = 500. what is the population growth rate in individuals per year when n = 100 individuals?(a) 50(b) 10(c) 8(d) 1 how bad habit affect human life Pat threw a football 5 more than twice the number of yards, y, which Gary threw. Which expression can be used to find the number of yards Pat threw the football? * fix any errors in these proposed electron configurations. number of electrons in atom configuration: 31 proposed electron: 1s^2 2s^2 2p^6 2d^10 3s^2 3p^6 3d^1 4s^2 MATH HELP ASAP!! MARKING BRAINLIST PLS! A B OR C ) Assume that banks do not hold excess reserves and there is no cash held by the public. The Fed decides that it wants to expand the money supply by $45 million. What quantity of bonds does the Fed need to buy or sell to accomplish the goal Which sentence contains a misspelled word? O A. If you don't know the time, you can ask a teacher or the principal. O B. The principal gave us encouraging words at the first-day-of-school assembly O C. The principle that applies here is "Be kind to others." D. The principle of my school is a tall and friendly man. SUBMIT How many kilojoules are in 1,967,256J? Round your answer to the nearest whole number. please help, can it be detailed if its not to much to askTable provides data for steady - state operating a throttling valve in parallel with a steam turbine having an isentropic turbine efficiency of \( 90 \% \). The streams exiting the valve and the turbi A monopolist sells boat insurance policies linked to theirregistrations in two states, and resales between the two states isnot allowed, as the registrations are in line with the rules set ineach s