When the Awarding of a Prize Is Based on a Socially

question 89

Multiple Choice

When the awarding of a prize is based on a socially unproductive activity,the result is

• A)rent-seeking.
• B)the winner's curse.
• C)logrolling.
• D)crowding out.

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Definitions:

Task Significance

The degree to which a job has a substantial impact on the lives or work of other people.

Minimal Impact

The smallest or least significant effect or influence that an action may have on a given system or environment.

Autonomous Decisions

Decisions made independently by an individual or entity, often without the need for external approval or guidance.

Job Sharing

A work option in which two part-time employees carry out the tasks associated with a single job.