Competition among decentralized governmental units will
What will be an ideal response?
Strengthen the incentive of governments to operate efficiently and cater to the views of citizens.
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Brown can brew 4 gallons of stout or 3 gallons of lager every three months, or any linear combination in between. Which statement is true?
A) Brown sacrifices 3/4 gallons of lager for every gallon of stout brewed. B) Brown sacrifices 1 1/3 gallons of stout for every gallon of lager brewed. C) Both of the above are true. D) None of the above is true.
Free-riding is linked to an absence of monitoring behavior
Indicate whether the statement is true or false
In economics, abstraction from reality is necessary because of the complexity of the real world.
Answer the following statement true (T) or false (F)
When disposable income is 1250, saving is
A. -1000.
B. -500.
C. 0.
D. 500.