We know government failure as the notion that ________ becomes the tool of ________ and makes the allocation of resources even less efficient than before, and this is described in public choice theory.
A. the public; the government
B. a natural monopoly; the government
C. government; the rent seeker
D. government; barriers to entry
Answer: C
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Which of the following would increase the balance on the current account?
A) an increase in imports B) an increase in foreign direct investment C) an increase in the amount of aid money the government sends abroad D) an increase in the balance of trade
A binary variable is often called a
A) dummy variable. B) dependent variable. C) residual. D) power of a test.
Why might a union find that attaining the goal of employing all its members and the goal of maximizing total union wage receipts to be incompatible objectives?
What will be an ideal response?
Zero elasticity in either a supply or demand curve occurs when a price change of one percent results in a quantity change of one percent.
Select whether the statement is true or false. A. True B. False