The Expression the Dark Side of Competition Means That

question 60

Multiple Choice

The expression the dark side of competition means that

• A) illegal behaviors result in penalties.
• B) unethical behaviors are more like to take place when competition is intense.
• C) competition encourages ethical behavior.
• D) good competition is costly.

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Definitions:

Sacrifice Ratio

The measure of the economic cost associated with reducing inflation, typically assessed in terms of the percentage loss in gross domestic product (GDP) for each percentage point decrease in inflation.

Anti-inflation Policy

A set of governmental or central bank strategies aimed at controlling or reducing the rate of inflation in the economy.

Expectations

The anticipations or beliefs about future events or outcomes, which can influence current behavior and decision-making.

Price of Oil

The cost per barrel of crude oil as determined in global markets, influenced by factors such as supply, demand, geopolitical events, and market speculation.