Clark Wanted His Workers to Work for Twelve Hours Every

question 75

Multiple Choice

Clark wanted his workers to work for twelve hours every day instead of the eight hours they were supposed to. The workers were not pleased with this and started to work for only six hours a day. In the context of scientific management, this behavior of the workers is known as _____.

• A) soldiering
• B) policing
• C) whistle-blowing
• D) accommodation

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Definitions:

Demand

The desire to purchase goods and services backed by the ability and willingness to pay a price.

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in one of its determinants, such as the price.

Excise Tax

Excise tax is a type of tax imposed on specific goods, services, or activities, typically to discourage consumption or generate revenue, often included in the purchase price.

Deadweight Loss

Deadweight loss is an economic inefficiency that occurs when the allocation of resources is not optimal, leading to a loss of total surplus or welfare within the economy.