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You Bought a Popular Video Game Last Year for $75

question 100

Multiple Choice

You bought a popular video game last year for $75 and sold it to a store this year for $20.The store sells the used game to a consumer for $50.This adds ________ to gross domestic product (GDP) when the store sells the game to the consumer.

Understand the benefits and applications of self-managing work teams in contemporary job design.

Distinguish the impacts of ergonomic and telework arrangements on job design for improving workplace safety and flexibility.

Acknowledge the use of job analysis tools such as the Position Analysis Questionnaire (PAQ) and their role in job design and HR management.

Realize the importance of simplifying jobs to reduce mental demand and increase job efficiency, especially in high-pressure roles.

Definitions:

Free Market Ideas

Economic principles that advocate for minimal government intervention in the marketplace, allowing the forces of supply and demand to determine prices and production.

Private-Sector Management

Management practices and principles used in private businesses, focusing on efficiency, profitability, and market competition.

Mainstream Economics

Refers to the body of knowledge, theories, and models in economics that are widely accepted and taught across prominent universities and colleges.

NLRA

The National Labor Relations Act, a foundational statute in United States labor law which protects the rights of employees to organize and to bargain collectively with their employers.