Private Firms Would Be Unlikely to Attempt to Produce the Service

question 113

Multiple Choice

Private firms would be unlikely to attempt to produce the service of fending off incoming asteroids because:

• A) it would be expensive.
• B) no one cares about asteroids.
• C) such a service would be a public good.
• D) asteroids are protected by international law.

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Definitions:

Compensation Level

The relative amount of payment or reward that an employee receives for doing their job, including wages, salaries, bonuses, and benefits.

Markov Model

A statistical model that predicts a system's future state based on its current state, often used in decision-making processes.

Probabilistic Model

A mathematical model that incorporates the element of chance or uncertainty to predict outcomes.

Personnel Supply

The availability of qualified and interested candidates in the labor market that an organization can recruit and hire to meet its workforce needs.