Competition among decentralized governmental units will

A) make it more difficult for citizens to satisfy their preferences with regard to the goods and services supplied by governments.
B) result in wasteful duplication and inefficiency in production of governmental services.
C) strengthen the incentive of governments to operate efficiently and cater to the views of citizens.
D) evolve naturally because local governments will want to compete with each other.


C) strengthen the incentive of governments to operate efficiently and cater to the views of citizens.

Economics

You might also like to view...

In a market economy, what specifies the terms of exchange, facilitating exchange between strangers?

A) contracts B) insurance C) patents D) accounting rules

Economics

A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15, $14, $13, $12, $11, $10, $9, $8, $7, $6, $5 . Eleven sellers are also willing to sell at the same prices. How many transactions must the market maker make if he wants to maximize his profits?

a. 1 b. 2 c. 3 d. 4

Economics

Along the long-run aggregate supply curve, the level of RGDP supplied ____ with increases in the price level

a. does not change b. increases c. decreases slightly d. decreases dramatically

Economics

If a father earns 20% above his generation's average income, his son will most likely earn what percent above his generation's average income? What does this statistic indicate?

Economics