An External Benefit Implies That Private Markets Will Provide ________

question 44

Multiple Choice

An external benefit implies that private markets will provide ________ than the socially optimal quantity, and an external cost implies that private markets will provide ________ than the socially optimal quantity.

• A)more; more
• B)less; less
• C)more; less
• D)less; more

Understand the definitions and differences among diversity, prejudice, stereotyping, and discrimination.

Identify the components and significance of both primary and secondary diversity.

Recognize the impact of diversity trends in the United States workforce.

Understand how prejudice and stereotypes affect organizational behavior and decisions.

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Definitions:

Employment Act of 1967

U.S. legislation aimed at promoting maximum employment, production, and purchasing power, often associated with measures to combat unemployment and inflation.

Corporate Philanthropy

Effort of an organization to make a contribution to the communities in which it earns profits.

Public Radio Station

A radio station that is funded by public means, such as government grants and listener donations, rather than commercial advertising.

Local Property Taxes

Taxes levied by local governments on real estate and sometimes other property, based on the assessed value of the property, used to fund public services and infrastructures.