Answer: B. an output of the product that is less than the amount consistent with ideal economic efficiency
Explanation: Economic efficiency is the state in which all available resources are optimally allocated to serve each individual or entity in the best way while reducing to the minimum, waste and inefficiency. In reality, economic efficiency has shown that nothing can be improved without something else being hurt.
When competitive forces are weak, it leads to decrease in output as economic efficiency is only maximized when price is equal to marginal revenue because at this point both profit and efficiency are maximized.
Answer: This is fallacy called "straw man"
Explanation:
Straw man is one kind of logical fallacy. It consists in missrepresenting someones's argument to make it easier to attack.
Answer:
D. building relationships with customers
Explanation:
- As the university tries to become a value-driven organization it holds regular coffee hours ad discusses with the graduate students about there education needs and desires. Thus maintains its relation with the people and clients.
Answer:
Relevant; comparison
Explanation:
The comparison question test (CQT) posits that guilty individuals react more strongly to Relevant questions, whereas innocent individuals react more strongly to comparison questions.
The comparison question test (CQT) is one of the several questioning technique used in polygraph test, it designed to make comparative responses to relevant question with those of control questions i.e control for the effect of generally threatening nature of relevant question.
Making use of CQT assumes that physiological measures while lying will be greater than physiological measure while telling the truth. An innocent individual who is telling the truth react to comparison questions more than relevant question because these questions are design to arouse the subject concern about their past truthiness
