Which of the Following Is Not Correct

question 515

Multiple Choice

Which of the following is not correct?

• A)Markets allocate scarce resources with the forces of supply and demand.
• B)The equilibrium of supply and demand is typically an efficient allocation of resources.
• C)Governments can sometimes improve market outcomes.
• D)Externalities cannot be positive.

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Definitions:

Need

A requirement necessary for people or organizations to achieve a desired state or outcome.

Satisfaction Deficit

A state where an individual's or group's needs, expectations, or desires are not met, leading to a sense of dissatisfaction.

Theory Y

Assumes people are willing to work, accept responsibility and are self‐directed and creative.

McGregor

Refers to Douglas McGregor's theories X and Y, which are concepts in management and motivation theory that describe two contrasting models of workforce motivation applied by managers in human resource management, organizational behavior, and organizational development.