The Trade-Off Between Equity and Efficiency Occurs Because

question 27

Multiple Choice

The trade-off between equity and efficiency occurs because:

• A)the efficient allocation of resources is bad for business and industry.
• B)allocating resources fairly may cause inefficiency.
• C)everyone must pay more tax to ensure equity.
• D)efficiency is politically unpopular.

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Definitions:

External Locus of Control

A belief system where an individual perceives outcomes in their life as being driven by external forces or luck rather than their own actions.

Supportive Leadership

A leadership style focused on providing emotional support, encouragement, and fostering a positive work environment for team members.

Directive Leadership

A leadership style where the leader offers clear expectations and guidance on what needs to be done, how to do it, and when it should be completed.

Group Norms

Shared guidelines or rules for behavior that most group members follow, dictating what is considered normal or acceptable within the group.