When an Economist Says That There Is "Too Much of a Good

question 112

Multiple Choice

When an economist says that there is "too much of a good thing," the economist is suggesting that:

• A) scarcity is not a problem.
• B) wants are limited.
• C) the marginal cost of the thing is less than the marginal benefit.
• D) the marginal benefit of the thing is less than the marginal cost.

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Definitions:

Resistance

The act of opposing or struggling against changes, directives, or influence attempts by others, often resulting in conflict or tension.

Refreezing

The final stage in Lewin's change model where new behaviors or changes are solidified into the organization's culture.

Desired Behaviors

Desired behaviors refer to specific actions or reactions that an organization seeks to encourage or reinforce among its members.

Restraining Forces

Factors that hinder or slow down the process of organizational change, including employee resistance, inadequate resources, and poor communication.