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If you were a manager wanting to assign people to a problem-solving team, who would you assign to maximize generation of innovative ideas?
Bob, a salesman with 10 years' experience in the company
Jane, a secretary with 25 years' experience in the company
Jose, a salesman with 8 years' experience in the company, also a minority
John, a manager of sales teams with 14 years' experience in the company
Alex, a product developer with 1 year of experience in the company
Rationally Ignorant
A state where the cost of educating oneself on an issue exceeds the potential benefit that the knowledge would provide.
Public Choice Perspective
A theoretical framework that applies economic principles to political processes, viewing government actions and decisions through the lens of economic efficiency and individual self-interest.
City Budget
An annual financial plan outlining expected revenues and expenditures for a city’s operations and capital projects.
Fiscal Policy
Governmental decisions on taxation and spending policies aimed at influencing the national economy's performance.
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