Examlex
Which of the following was included in the main guidelines put into place for the operation of le Centre Berthelet (Cité des Prairies) as part of the reorganization of the institution after the riot of 1975?
Capital Goods
Human-made resources (electrical grids, the GPS system, rail networks) used to produce goods and services; goods that do not directly satisfy human wants; also called capital. One of the four economic resources.
Productive Efficiency
A situation in which a good or service is produced at the lowest possible cost and with the optimal combination of inputs.
Coordination Problem
A challenge faced by individuals or organizations when their interests conflict, requiring them to align their actions or decisions to achieve a common goal.
Incentive Problem
A situation where the incentives or motivations available to individuals or firms do not align with broader economic, social, or organizational goals, potentially leading to suboptimal outcomes.
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