Individual accountability within the government bureaucracy:
A. tends to be greater than in private firms, making government more efficient than private firms.
B. is not a problem because government bureaucrats are not affected by the self-interest that
affects private sector individuals.
C. is easy to monitor because of the small size and scope of government.
D. tends to be lacking because of civil service protections and the complexity of government.
Answer: D
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A bank that improves its service may be able to __________ the rate on its loans and so __________ its net interest income
A) lower; lower B) lower; raise C) raise; lower D) raise; raise
Suppose the official gold value of the Brazilian real changes from 457 reals per ounce to 528 reals per ounce. We can then say that:
a. the Brazilian real has been devalued. b. the Brazilian economy is expected to experience rapid inflation. c. gold has been devalued. d. the Brazilian real has appreciated in value. e. gold is now cheaper to purchase in Brazil than it was before.
Tariffs and quotas are forms of exchange controls
Indicate whether the statement is true or false
All sellers may be tempted to raise the price of what they sell, but a negative unintended effect of raising the price could be __________ in units sold large enough to __________ the seller's total revenue earned
A) an increase; raise B) an increase; lower C) a decrease; raise D) a decrease; lower