In Terms of the Competing Claims of Equality and Efficiency

question 246

Multiple Choice

In terms of the competing claims of equality and efficiency, in the United States we have

• A)chosen greater wage inequality for lower unemployment.
• B)chosen higher unemployment for less wage inequality.
• C)both greater wage inequality and higher unemployment.
• D)not faced a trade-off between wage inequality and unemployment.
• E)been able to choose both less wage inequality and lower unemployment.

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Definitions:

Culture

The collective social behavior, norms, knowledge, beliefs, arts, laws, customs, capabilities, and habits of the people in these societies.

Expectations

The beliefs or forecasts people have about the future or about the outcomes of specific actions.

Observable Culture

The components of culture that can be seen in an organization.

Personal Appearances

The way an individual presents themselves physically in various contexts, which can influence perceptions and interactions.