When There Are Too Few or Too Many Resources Going

question 239

Multiple Choice

When there are too few or too many resources going to an economic activity

• A)a public good exists.
• B)a market failure exists.
• C)consumer sovereignty exists.
• D)a free-rider problem exists.

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Definitions:

Fiedler's Contingency Model

A leadership theory proposing that a leader's effectiveness is contingent upon the match between the leader's style of interacting with subordinates and the degree of control and influence over the situation.

Leader's Style

The manner and approach of providing direction, implementing plans, and motivating people.

Servant Leaders

Are leaders who prioritize the needs of others before their own, focusing on the growth and well-being of their communities and the people they serve.

Employee Needs

Refer to the requirements or conditions necessary for employees' well-being, satisfaction, and productivity in the workplace, such as fair wages, safe working conditions, and recognition.