A Rationale for Intervention Is a Reason Why ______________,Guided Only

question 17

Multiple Choice

A rationale for intervention is a reason why ______________,guided only by markets and private institutions,might make ____________ choices.This means that,compared to some societal ideal,they choose to __________________ of some activity.

• A) Private actors; socially suboptimal; do either too little or too much
• B) Public actors; socially optimal; do too much
• C) Private actors; privately suboptimal; do too little
• D) Public actors; socially suboptimal; do too little

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Definitions:

Job Evaluation

The process of determining the relative value and importance of jobs within an organization to establish fair compensation levels.

Base Pay

The initial rate of compensation an employee receives, not including overtime, bonuses, or other additional payments.

Output

The amount of product or work produced by a company, employee, or process within a specific period.

Performance

The level of output or efficiency at which tasks and activities are accomplished, often measured against predetermined standards or objectives.