When government inefficiencies exist and government officials can be bribed, then
A. property rights will be more secure since an official has been bribed to grant ownership to the business.
B. a bribe will increase the cost of investing in capital.
C. the country will have positive economic growth.
D. dead capital will not exist.
Answer: B
You might also like to view...
For economic efficiency, which of the following conditions should be met?
a. Scarcer goods should have lower prices. b. More abundant goods should have lower prices. c. More abundant goods should have higher prices. d. All goods should have equal prices.
A firm that engages in predatory pricing benefits from:
A. full protection from the courts. B. building a reputation of accommodating future entrants. C. having its prey stockpile its product. D. building a reputation for taking tough actions to drive a competitor out of the market.
The consumer price index (CPI), the personal consumption expenditures price index (PCE), and the core PCE have over the last 15 years
A) moved roughly together with the CPI being the most stable. B) moved roughly together with the PCE being the most stable. C) moved roughly together with the core PCE being the most stable. D) not moved together, with the CPI being the most stable.
An increase in a firm's scale of production leads to no change in average total cost as long as there are
A. negative returns to scale. B. diseconomies of scale. C. constant returns to scale. D. economies of scale.