All of the Following Are What Economists Commonly Do Except

question 89

Multiple Choice

All of the following are what economists commonly do except

• A)describing economic events.
• B)explaining why economic events occur.
• C)making predictions for some economic events.
• D)eliminating scarcity in resources.
• E)making recommendations for economic policy.

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Definitions:

Systematic Management

An approach to management that focuses on processes and procedures, emphasizing efficiency, standardization, and the overall coordination of all parts of an organization to achieve its objectives.

Performance-Based Pay

A compensation model that ties employees' salary or bonuses to their performance or achievements in the workplace.

Individual-Level

Pertains to factors or characteristics that relate to a single person, as opposed to groups or organizational entities.

Organization-Level

Pertains to processes, characteristics, or outcomes that are collective in nature and pertain to the entirety of an organization.