Examlex
Goldthorpe found in his classic studies that some workers respond to the alienating aspects of the work situation in a/an ________ fashion, in which people think that if they have to work under monotonous and undesirable conditions, then they had better be paid well so they can enjoy their leisure time.
Resource Allocation
The process of distributing available resources among different uses identified in an economy.
Taxing Polluters
A policy approach that imposes taxes on companies or individuals who produce pollution as a means to internalize environmental externalities and encourage pollution reduction.
Positive Externalities
Benefits that affect a third party not directly involved in a transaction or activity, resulting in a positive effect on society.
Principal-Agent Problem
A dilemma in economics where one party (the agent), acting on behalf of another party (the principal), may have different goals or incentives, potentially leading to inefficiencies.
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