The key explanation for the prevalence of waterway pollution is:
a. the inclusion in decisions of all production costs associated with the use of waterways
b. that there are private costs but no costs to society associated with the use of waterways that are not costs to society.
c. that waterways are not private property and can be used free of charge.
d. that waterways are not of great value to society.
c
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________ occurs when one party takes advantage of having more information than another party about the attributes of the good or service they will exchange
A) A negative externality B) Adverse selection C) A transaction cost D) Moral hazard
A line item budget _____
a. groups expenditures by congressional district b. groups expenditures by the goals they are trying to achieve c. groups expenditures by the types of items that are purchased d. groups expenditures by special interest
Which of the following groups benefits from regulation, according to the special interest theory of regulation?
a. all consumers b. all producers c. only certain consumers d. only certain producers e. society as a whole
If a company wants an employee to average about $14.00 per hour to produce 60 units per hour, in addition to a base salary of $7.00 per hour, what should be the incentive rate per hour?
A. $0.117 B. $8.54 C. $1.25 D. $0.333