Even in democratic governments, we tend to have a problem with accountability due to the following reasons, except
What will be an ideal response?
there is the markets' self-correcting mechanism in government.
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If three pizza delivery companies agree to decrease their output and raise the price of their pizzas to $15, this is an example of ________.
A) resale price maintenance B) bid rigging C) market division D) price fixing
The government budget deficit is
a. the difference between government purchases and government revenues from bonds and taxes b. caused by a lack of business sector investment c. created when the government expenditures exceed net taxes d. caused by leakages in the economy e. is created by government injections
Utility is:
a. the cost associated with an additional unit of product. b. the satisfaction obtained from a good or service provided. c. the value that a third party places on a good or service. d. the price that a seller places on a good or service being provided.
The extra cost that results from carrying out one additional unit of an activity is the ________ of the activity.
A. opportunity cost. B. reservation cost C. marginal benefit D. marginal cost