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question 7

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Grasp the significance of the price mechanism in allocating resources efficiently.
Acknowledge the impact of externalities on social welfare and methods to internalize them.
Analyze the influence of economic reforms on national economies, with a focus on privatization efforts.
Evaluate the economic and social effects of income distribution and poverty.

Definitions:

Interpersonal Roles

The roles individuals play within a group or organization that involve communication and interaction with other members.

Motivate

To provide with a reason or incentive to act in a certain way, often aimed at enhancing performance or achieving specific goals.

Liaison

A role or function that acts as a bridge or intermediary between different groups or departments within an organization to ensure effective communication and coordination.

Representational Function

The aspect of cognitive psychology concerned with how the brain represents information, such as thoughts or perceptions, internally.

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