To Tell a Compelling Story, an Economist Relies on

question 51

Multiple Choice

To tell a compelling story, an economist relies on

• A)case studies
• B)anecdotes
• C)irrelevant data
• D)anecdotes and irrelevant data
• E)case studies and anecdotes

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Definitions:

Reward Power

The capacity to influence others through the distribution or promise of benefits and incentives.

Legitimate Power

The authority derived from a formal position or role within an organization, granting the ability to influence others' actions or decisions.

Referent Power

Referent power is a form of personal power that stems from being admired, respected, and liked by others, often leading to influence through the desire of others to be associated with the person.

Legitimate Power

The authority that a person or a position holds, which is recognized as rightful by those they govern or lead, often derived from official or formal roles.