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An engineering firm is looking for a civil engineer to head their new project to build a highway.Unable to find the right candidate for the job,the firm resorts to scouting for potential candidates among the employees of rival firms.It offers the assistant chief engineer of its rival firm an extremely lucrative package and the chance to manage greater responsibilities.This practice is known as ________.
Standard of Value
A benchmark or reference point used to measure the worth of goods, services, or assets in economic transactions.
Standard of Value
A recognized measure that is used to set the price or value of goods, services, or assets in economic transactions.
Money Supply
Refers to the total volume of currency and other liquid instruments in a country's economy at a specific time.
M2 Measure
A category of the money supply that includes all liquid monies like cash and checking deposits, as well as 'near money' such as savings deposits and time deposits.
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