The unlawful misdirection of governmental resources for personal gain is known as:
A. political corruption.
B. logrolling.
C. adverse selection.
D. the special-interest effect.
Answer: A
You might also like to view...
Refer to Table 18.1. The opportunity cost of a glove in Panama is
A) 1/8 of a hat. B) 3/4 of a hat. C) 4/3 hats. D) 8 hats.
If planned investment is equal to actual investment, then aggregate expenditure is equal to GDP
Indicate whether the statement is true or false
If the economy is producing ________, unemployment is at its natural rate
A) at an unemployment rate of zero B) at an inflation rate of zero C) at potential GDP D) above potential GDP
The circular flow model assumes:
a. businesses and households own the factors of production. b. businesses own the factors of production. c. government owns the factors of production. d. households own the factors of production. e. firms, households, and the government own the factors of production.