Political decision making tends to be biased toward the adoption of programs that have
A) future costs and future benefits that are both difficult to identify.
B) future costs that are difficult to identify and current benefits that are easily observable.
C) current costs that are easily observable and future benefits that are difficult to identify.
D) current costs and future benefits that are both easily observable.
B) future costs that are difficult to identify and current benefits that are easily observable.
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Offshoring required which types of advances?
What will be an ideal response?
Suppose an agent must pay the full marginal cost for an item but splits the marginal revenue with the principal. As a result,
A) joint profit is maximized. B) joint profit is not maximized. C) the agent will not enter into such a contract. D) the agent wishes to sell as many items as he can.
Specialization:
A. leads to greater self-sufficiency. B. can lead to an increase in overall production. C. allows workers to develop skills by working on a large number of tasks D. is always the result of an inefficient use of resources
An income tax distorts the choice between work and leisure.
Answer the following statement true (T) or false (F)