What Mechanism Assures That Producers Use Inputs Efficiently

question 36

Multiple Choice

What mechanism assures that producers use inputs efficiently?

• A)governmental regulations on use of resources 
• B)altruism 
• C)the desire for profit 
• D)an innate desire to be efficient 
• E)All of the above are correct.

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Definitions:

Group Norms

Shared expectations and rules that guide behavior of members within a group, influencing conformity and group dynamics.

Social Comparisons

The process of comparing oneself to others in order to evaluate or enhance one's own qualities or abilities.

Ethical Issue

A dilemma or situation that requires a choice to be made between competing values or principles.

Milgram's Obedience

A series of experiments conducted by Stanley Milgram, demonstrating people's willingness to obey authority figures even when asked to perform actions conflicting with their personal conscience.