When the federal government owns parks that are funded by tax dollars,
a. park managers receive full information about visitor desires and make decisions accordingly.
b. the same incentive structure exists for public park managers as private park managers.
c. park managers devote much time and effort to satisfying political desires instead of visitor desires.
d. park managers will be less likely to mismanage the park.
C
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The relationship between consumer spending and disposable personal income is
A) a negative relationship. B) an inverse relationship. C) a direct relationship. D) independent.
In which governance form do shareholders own the company?
A) public sector B) state-owned enterprise C) corporation D) non-profit
If price increases and the quantity purchased increases, we know that
A) supply increased. B) supply decreased. C) demand increased. D) demand decreased.
An economist is told that concentration in the cement industry has increased. He can safely conclude that
a. cement production must have fallen in the industry. b. competition in the cement industry has decreased. c. there are fewer cement producers than before. d. All of the above are correct.