The Primary Problem with Nonmarket Economic Coordination Is

question 149

Multiple Choice

The primary problem with nonmarket economic coordination is

• A)that some people get wealthy.
• B)the possibility that efficiency will result.
• C)the difficulty of collecting and acting on economic information.
• D)that, without a market, exchange cannot take place.
• E)that no one is providing central direction for the economy.

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Definitions:

Behavioral Norms

are the standard or expected ways of behaving in a social group or culture.

Formally Approving

Refers to the official authorization or acceptance of an action, policy, or agreement by an authoritative body.

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or organization.

Action Research

A participatory form of research aimed at solving problems or improving practices by actively involving those affected in the process.