On the Job You Are More Likely to Be Taken

question 93

Multiple Choice

On the job you are more likely to be taken seriously and to be promoted if you

• A) look and sound professional.
• B) frame your degree or certificate and hang it on your office or cubicle wall.
• C) appear to be busy even when you're not really doing anything.
• D) attend office parties.

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Definitions:

Efficient Outcome

A state in which resources are allocated in a way that maximizes total surplus; there are no missed opportunities in production or consumption.

Tragedy of the Commons

A situation in which individuals, acting according to their own self-interest, deplete shared resources, resulting in long-term social losses.

Litter

Discarded waste material improperly left in an environment outside designated trash disposal facilities.

Externality Analysis

The examination of costs or benefits that affect parties who are not directly involved in a transaction or activity, used to understand the implications of external effects on society.