Figure 10-12 -Refer to Figure 10-12.Suppose,on the Figure,Q Represents the Quantity of the Quantity

question 16

Multiple Choice

Figure 10-12
-Refer to Figure 10-12.Suppose,on the figure,Q represents the quantity of education and P represents the price of education.Then the quantity represents

• A) an inefficiency.
• B) the extent of the negative externality that pertains to the market for education.
• C) the amount of the tax that would be required to correct the negative externality that pertains to the market for education.
• D) the amount of the subsidy that would be required to correct the positive externality that pertains to the market for education.

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Definitions:

Mass Customization

A manufacturing approach that combines the flexibility and personalization of custom-made products with the low unit costs of mass production.

Employee Relationship

The interaction and communication between an employer and its employees, which can significantly impact job satisfaction, productivity, and retention.

HR Practice

Encompasses the policies, procedures, and activities implemented by an organization to manage its human resources effectively.

External Human Resource Sources

External methods or channels through which organizations recruit or hire new employees, such as job boards or recruitment agencies.