A more complex view of the incentives facing a bureaucrat _____
a. shows that bureaucrats might prefer to maximize their discretionary budget over their total budget
b. shows that bureaucrats might prefer to always act in the public interest, if they believe in their bureau's mission.
c. shows that the incentives facing a bureaucrat are simple and never conflict with one another.
d. shows that the bureaucrats may about increasing their own income but their power and prestige
a
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What happens to the demand for a good if a complement's price increases?
A) The demand increases and the demand curve shifts rightward. B) The demand decreases and the demand curve shifts rightward. C) The demand increases and the demand curve shifts leftward. D) The demand decreases and the demand curve shifts leftward. E) There is no impact on demand for the good and the demand curve does not shift.
A workers who is always honest with their cash drawer must be a good mother as well because she is "honest" and "honest" people raise good children. This thought process describes
a. discrimination b. trait management c. the halo effect d. laissez-faire
Congress is debating whether to raise taxes by $100 billion or decrease spending by $100 billion in order to eliminate a budget deficit. Which action will have the larger effect on equilibrium GDP?
A. The increase in taxes B. The decrease in spending C. The effects will be equal D. Not possible to determine without knowing the multiplier
(Last Word) "The government deregulated the electricity industry in California and a shortage of electricity soon occurred. It is clear that the deregulation caused the shortage." This statement needs careful analysis because it may reflect the:
A. fallacy of composition. B. post hoc, ergo propter hoc fallacy. C. use of loaded terminology. D. law of averages.