Redistributing Income from the Rich to the Poor Creates Inefficiency

question 330

Multiple Choice

Redistributing income from the rich to the poor creates inefficiency because

• A) of wasteful expenditures by people receiving welfare grants.
• B) of the administrative costs to operate the government redistribution agencies.
• C) the redistribution creates an incentive to produce less output.
• D) Both answers B and C are correct.
• E) Both answers A and C are correct.

Identify the various elements of organizational culture including artifacts, values, and beliefs.

Recognize the role of realistic job previews in improving organizational socialization.

Differentiate between the observable and hidden elements of organizational culture.

Examine the impact of reality shock and the adjustment process in organizational socialization.

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