Laws, Customs, Conventions, and Other Institutional Elements That Sustain an Economy

question 23

Multiple Choice

Laws, customs, conventions, and other institutional elements that sustain an economy fall under the category of

• A)rules of the game
• B)human capital
• C)natural resources
• D)financial institutions
• E)capital infrastructure

Identify and apply the core goals of the field of organizational behaviour.

Explain the role of contingency in management and organizational behaviour.

Understand the significance of the Hawthorne studies in the human relations movement.

Understand the concept and implications of barter in different economic systems.

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Definitions:

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, noticeable in GDP, employment, and trade.

Computer Technology

The design, development, and application of devices, software, and systems that process data and perform tasks.

Space Program

A national or international research campaign dedicated to space exploration, technological development, and discovering more about the universe beyond Earth.

1960s

A decade marked by significant cultural, political, and social changes worldwide, including the civil rights movement, the Vietnam War, and the counterculture revolution.