Markets Fail to Allocate Resources Efficiently When

question 25

Multiple Choice

Markets fail to allocate resources efficiently when

• A) prices fluctuate.
• B) people who have property rights abuse their privileges.
• C) property rights are poorly enforced or not well established.
• D) the government refuses to intervene in private markets.

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Definitions:

Realistic Job Previews

An employment tool used by organizations to give potential employees a clear understanding of what a job entails, including both its positive and negative aspects.

Application Process

The series of steps or procedures required to formally request or apply for something, such as a job, program, or service.

Proactive Behaviours

Actions initiated by an individual to effect positive change in their environment.

Environmental Factors

External elements, including economic, political, social, and ecological factors, that can affect an organization's operations and outcomes.