Economists use the word equity to describe a situation in which Question 9 options: 1) each member of society has the same income 2) those in society who have the least will receive the most 3) the benefits of society's resources are distributed fairly among society's members 4) society is getting the most it can from its scarce resources
Productivity is defined as the
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n a market economy, prices reflect the
Question 11 options:
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An externality is the impact of
Question 12 options:
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Which of these activities will most likely result in an external benefit?
Question 13 options:
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Question 9
Option 3. Equity is concerned with distribution of resources. The resources of the society should be distributed equitable amongst the population so everyone gets a share.
Productivity is defined as the Option 4 is the answer. Productivity is the relationship between input and output.
Question 11
Option 2. All are correct. Price is the value that is assigned to a product or service, how much consumers are willing to pay for.
Question 12
Option 4. Externality is the impact of an economic activity by an individual on a third party.
Question 13
Option 3. Since the flowers will benefit third parties.
Economists use the word equity to describe a situation in which Question 9 options: 1) each...
QUESTION 1 Economists use the word marginal to mean 1. A decision that is only secondary in importance. 2. The extra benefit or cost of a decision. 3. When firms concentrate on their profit margin. 4. When an economy is producing efficiently. 5 points QUESTION 2 Economists use the word rationality to mean.... 1. When people correctly analyze a situation and come to the best decision possible. 2. Only a hypothetical scenario, people are never really rational. 3. When...
Economists believe that: Question 4 options: a) making information available to market participants improves market function. b) data is more important to traders than information. c) information should be sold to the highest bidder. d) the flow of information has minimal impact on market efficiency. Question 5 (14 points) When the individuals who get a good or service are the ones who desire that product the most, the economy is experiencing: Question 5 options: a) allocative efficiency. b) equity. c)...
Screening theory is an alternative theory which states that Question 3 options: 1) People have little incentive to achieve higher education due to low wages 2) People get a higher education to signal that they are instrinsically more productive workers but that education alone adds nothing to the productivity of workers 3) People get a higher education in order to increase their utility 4) People get a higher education in order to receive a salary increase
Question 1 (2 points) A top executive team has low to moderate ________. Question 1 options: A) duration of existence for the team B) autonomy to determine work procedures C) stability of its membership D) autonomy to determine mission and objectives Question 2 (2 points) What was found in research on the effectiveness of self-managed teams? Question 2 options: A) Turnover and absenteeism were usually lower. B) The results were not consistent across studies. C) Organizational commitment usually increased. D)...
Question 2 (10 points) If four workers (1 worker for each task) were assigned to the four task assembly line shown below, what would be the efficiency of the worker doing Task B? Question 2 options: 43% Unable to calculate 100% 71% Question 3 (10 points) The facility layout that would be used to construct a hydroelectric dam, is an example of a Question 3 options: process layout fixed-position layout product layout cellular layout Question 4 (10 points) The facility...
Which is the LEAST accurate statement about the outcomes of leadership actions? Question 1 options: A) Help the parties find an integrative solution. B) Help the weaker party get what it needs. C) Suggest an equal division of the benefits. D) Play the stakeholders off against each other. Question 2 (2 points) Which is NOT a major obstacle in evaluating ethical leadership for individual leaders? Question 2 options: A) lack of interest in ethical leadership among scholars B) the subjectivity...
Question 3 (1 point) Saved 3. Which of the following statements is CORRECT? Question 3 options: AFC = ATC + AVC AVC = AFC - ATC ATC = AVC - AFC ATC = AFC + AVC Question 4 (1 point) Saved 4. The above table shows the total product of producing baseball hats. The marginal product of the 4th worker is equal to Question 4 options: 25 baseball hats 6.25 baseball hats 21 baseball hats 7 baseball hats Question 5...
Which of the following contributes to an increased number of contingent workers? Question options: 1) Population Aging 2) Increase in manufacturing jobs 3) High Inflation 4) Decrease in manufacturing jobs As an enterprise starts to go international, what kind of employees tend to be the first to oversee the successful implementation of appropriate work practices? Question options: 1) PCNs 2) TCNs 3) local staff 4) HCNs Cultures where work is based on more integrated personal social relationships may value Question...
Question 1 (1 point) Saved Social Security is an example of 2 of the following definitions ________________> 1. Means tested program; 2. Entitlement program 3. Social insurance or 'Safety Net' program: 4. Unearned benefit program Question 1 options: A) 1 & 4 B) 1 & 3 C) 2 & 4 D) 2 & 3 Question 2 (1 point) Saved According to Activity Theory: Question 2 options: Successful aging is interaction primarily with members of one’s...
Which of the following, is/are characteristic/s of all leukocytes [WBCs]? Question 1 options: 1) They are all nucleated. 2) They all have cytoplasmic granules. 3) They are all phagocytic. 4) They are the most numerous of the formed elements in blood. Question 2 (1 point) Blood doping will: Question 2 options: 1) Increase the peripheral resistance 2) decrease the peripheral resistance 3) have no effect on peripheral resistance Question 3 (1 point) An example of an elastic artery would be:...