An optimal decision is one that chooses the most desirable from among all possibilities that are available
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Overcrowding under public school choice is not a problem because _____
a. parents find crowded schools undesirable b. parents do not mind sending their kids to schools far away from home c. schools have the ability to drastically expand capacity in the short-run d. schools will be extremely exclusionary
Which of the following is not an incentive bureaucrats have to increase the size of their budgets?
a. They can increase their income by having a higher budget. b. Increased budgets mean more power and prestige. c. Higher budgets are necessary to maximize scale efficiencies. d. A nice working environment is positively correlated with a higher budget.
Bid-rigging is more likely when
a. auctions are for larger amounts b. auctions are infrequent c. auctions are oral d. auctions are sealed-bid
Political instability is an obstacle to development in:
A. both market and socialist economies. B. neither market nor socialist economies. C. market economies. D. socialist economies.