According to Baumol and Blinder, Recognition of the Usefulness of Markets

question 5

Multiple Choice

According to Baumol and Blinder, recognition of the usefulness of markets

• A)labels a person as an apologist (defender) of capital.
• B)extends to some socialist countries, for example, China.
• C)should make totally free markets good for any society.
• D)makes one a radical.

---

Definitions:

Job Descriptions

A formal account of an employee's responsibilities, duties, and the scope of work expected from a particular position.

Job Specifications

Detailed descriptions of the qualifications, skills, and experience required to perform a specific job.

Competency Models

Frameworks that define the skills, knowledge, and abilities required for effective performance in a specific job or profession.

Competencies

Competencies are the skills, knowledge, and abilities that enable an individual to perform tasks effectively in a job or life situations.