According to Neoclassical Economics

question 50

Multiple Choice

According to neoclassical economics:

• A)all allocations are Pareto- optimal.
• B)property rights over assets do not matter.
• C)all allocations are obtained via perfectly competitive markets.
• D)laws, customs, culture are important economic factors.

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Definitions:

Organizational Planning

The process of setting goals and defining the steps needed to achieve them within an organization.

Emergent Strategy

A strategy that arises in the absence of an intentional course of action, developing through patterns in the organization's decisions over time.

Broad Guidelines

General instructions or principles that provide direction to action or behavior.

Action

The process of taking steps towards achieving a specific goal or objective, often within a business or organizational setting.