Which of the following statements best summarizes why bureaucrats tend to be budget maximizers?
a. The larger the budget, the more assured bureaucrats can be of having sufficient resources to complete a task.
b. The larger the budget, the more power and prestige the bureaucrat wields.
c. The larger the budget, the larger the workload of the bureaucrat.
d. The larger the budget, the more work in the public interest the bureaucrat can undertake.
b
You might also like to view...
In the knowledge economy
A) the supply chain has been decomposed. B) property rights have been altered. C) increasing returns may occur more often. D) all of these choices.
If you put $500 into a checking account, the immediate effect (do not consider the money multiplier which we will study in the next chapter) is:
a. M1 rises, M2 falls, and the monetary base remains the same. b. M1 falls, M2 falls, and the monetary base remains the same. c. M1 rises, M2 rises, and the monetary base remains the same. d. M1, M2, and the monetary base rise. e. M1, M2, and the monetary base remain the same.
Other things the same, when an economy increases its saving rate
a. consumption and production rise now. b. consumption rises now and production rises later c. consumption falls now and production rises later. d. consumption falls now and production falls later.
If you advertise and your rival advertises, you each will earn $4 million in profits. If neither of you advertises, you will each earn $10 million in profits. However, if one of you advertises and the other does not, the firm that advertises will earn $1 million and the non-advertising firm will earn $5 million. Suppose this game is repeated for a finite number of times, but the players do not know the exact date at which the game will end. The players can earn profits of $10 each period as a Nash equilibrium to a repeated play of the game if the probability the game terminates at the end of any period is:
A. between 0 and 1. B. close to 1. C. close to 0. D. All of the statements associated with this question are correct.