When someone is producing at standard it is called
a. role
b. role conflict
c. norm
d. status
Ans: c. norm
You might also like to view...
The economic model of consumer behavior explains how consumers' tastes and preferences are formed
Indicate whether the statement is true or false
Individuals who are more risk averse
a. buy less insurance b. buy more insurance c. are not more or less inclined to buy insurance d. are philosophically opposed to insurance
Government's ability to force people to do things involuntarily is:
A. Unconstitutional in the U.S. and other market economies B. Always going to lead to lower economic efficiency C. Beneficial if it is used to improve economic efficiency D. Always beneficial in reducing the deadweight loss in the economy
From the perspective of supply-side economists, a cut in tax rates will:
A. Increase output but will increase the budget deficit B. Increase unemployment but will reduce the budget deficit C. Reduce unemployment but will increase the budget deficit D. Reduce unemployment and also reduce the budget deficit