Examlex

Solved

When Identifying Appropriate Jobs, Which of the Following Is an External

question 40

Multiple Choice

When identifying appropriate jobs, which of the following is an external factor that needs to be considered?


Definitions:

Economic Efficiency

Economic Efficiency occurs when a system allocates resources in a way that maximizes the production of goods and services at the lowest cost.

Political Corruption

The abuse of entrusted power by political leaders for private gain, undermining democracy and governance.

Special-interest Effect

Describes how policy decisions can be influenced by small groups who stand to gain substantially, often at the expense of the larger population.

Taxpayers

Individuals or entities legally obligated to pay taxes to governmental authorities.

Related Questions