Which of the Following Are Conditions That Bind the Invisible

question 67

Multiple Choice

Which of the following are conditions that bind the invisible hand?

• A)All goods must be produced efficiently by perfectly competitive firms.
• B)All goods must be private goods.
• C)No externalities like pollution.
• D)Consumers and firms must be fully informed about the prices and goods they buy and sell.
• E)All of the above.

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Definitions:

Job Rotation

The practice of moving employees between different tasks or positions within an organization to increase versatility and reduce boredom.

Task Variety

The degree to which a job or role involves a wide range of different activities requiring various skills and knowledge.

Vertical Loading

Vertical loading is a management practice of delegating more authority and higher-level tasks to employees to enhance their skills and motivation.

Enlarge the Job

A method to enhance job satisfaction by increasing the variety and scope of tasks performed by an employee.