Government bureaucrats want larger budgets
A. because salaries are sometimes tied to budget size.
B. to fulfill an "empire building" tendency.
C. because it may be necessary to ensure marginal benefits of output equal marginal costs.
D. all of these answer options are correct.
D. all of these answer options are correct.
You might also like to view...
A private subsidy has what effect on the amount of a good or service produced? Is a private subsidy an appropriate policy to offset the inefficiency from an external cost or an external benefit?
What will be an ideal response?
In his tests, Leontief used an input-output table to
A) calculate the capital and labor required to produce $1 million of U.S. exports and imports. B) calculate the labor productivity of American workers relative to foreign workers. C) calculate the capital productivity of American capital relative to foreign capital. D) All of the above.
Problems are most likely to arise when:
A. complete information is impossible to obtain. B. people have good enough information to make acceptable choices. C. one person knows more than another. D. both parties lack the same information.
The time and money it takes to organize a group or a campaign and to get the attention of lots of busy people is the:
A. reason why all individuals never participate in any collective action. B. cost of collective action. C. initial set-up costs of the campaign or group. D. reason why collective action does not happen in the real world.