If an Activity Produces an External Economy,then There Will Be

question 25

Multiple Choice

If an activity produces an external economy,then there will be too:

• A) much of the activity undertaken by private parties from a social viewpoint.
• B) little of the activity undertaken by private parties from a social viewpoint.
• C) much of the activity undertaken by government from a private viewpoint.
• D) much of the activity undertaken by private parties from a private viewpoint.
• E) much of the activity undertaken by government from a social viewpoint.

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Definitions:

Difficult To Administer

Describes processes, systems, or regulations that are complex or cumbersome to manage, often due to intricacy, multitude of components, or lack of clarity.

Farsighted Organizations

Organizations that prioritize long-term goals and outcomes over immediate gains, often incorporating strategic planning and forward-thinking.

Strategic Farsightedness

The ability of an organization to look beyond immediate challenges and plan for long-term opportunities and risks.

Flexible Structure

An organizational framework that can quickly adapt to changes in the environment, allowing for innovation, scalability, and responsiveness.