-In the Above Table, the Efficient Level of Output Can

question 57

Multiple Choice

-In the above table, the efficient level of output can be achieved through a per unit

• A) subsidy of $20.
• B) tax of $20.
• C) subsidy of $60.
• D) tax of $60.

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Definitions:

Democratic

Pertaining to or characterized by the principles of democracy, involving fair and equal participation and representation of the people in the decision-making process.

Laissez-Faire

A leadership or management style characterized by a minimal amount of direct supervision, allowing individuals or teams considerable freedom in their work.

Transactional Leader

A leadership style focused on the exchange between leader and followers, where compliance is exchanged for specified rewards.

Transformational Leader

A leadership approach that causes change in individuals and social systems, by creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group.