A Change in Economic Output Is Potentially Efficient

question 43

Multiple Choice

A change in economic output is potentially efficient

• A) if the value of the resulting gains exceeds the value of the resulting losses.
• B) if the value of the resulting gains exactly equals the value of the resulting losses.
• C) only if no one is made worse off.
• D) if the value of the resulting gains is less than the value of the resulting losses.

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Definitions:

Motivational Practices

Strategies and methods employed to inspire, encourage, and stimulate individuals or groups toward achieving goals or improving performance.

Organizational Culture

The shared values, beliefs, and practices that characterize an organization and influence its members' behavior.

Management Practices

The array of techniques, strategies, and approaches employed by managers to effectively lead and run an organization.

Flexible Work Arrangements

Employment terms that allow employees to vary their work hours, locations, or schedules to better accommodate personal needs while meeting business demands.