It Is Difficult for a Central Planner to Determine Optimal

question 206

Multiple Choice

It is difficult for a central planner to determine optimal allocations of resources because:

• A) of the simplicity of a modern economy.
• B) of a potential lack of incentives among citizens who are asked to provide the central planner with accurate information.
• C) of too many incentives governing the central planner.
• D) the incentives exist to manipulate the resources to improve the allocations of resources.

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Definitions:

Reasonable Accommodation

Attempt by employers to adjust the working conditions or schedules of employees with disabilities or religious preferences

Pay Equity

The principle of providing equal pay for work of equal value, aiming to eliminate gender and other discriminatory pay gaps.

Employment Equity

Policies and practices aimed at leveling the employment field for minorities, women, and disadvantaged groups by ensuring equal opportunities, eliminating barriers.

Employment Equity Legislation

Laws that aim to eliminate discrimination and achieve equality in the workplace by encouraging the employment of underrepresented groups.