The theory of public choice suggests

Assignment Help Business Economics
Reference no: EM131082044

The theory of public choice suggests that

a) the goods provided by? government, whether public or private? goods, are not scarce.

b) government agencies tend to be inefficient because the people running them do not understand the concept of opportunity cost.

c) you can lower your tax bill if you are careful not to consume too many government? resources, regardless of what your neighbors do.

d) government agencies tend to be inefficient because they are subject to institutional arrangements in which managers do not have an incentive to be efficient.

Reference no: EM131082044

Questions Cloud

Assume labor market demand : Assume labor market demand is given by: lD = 10 – w and labor market supply by: lS = w – 2. Suppose that a union has a monopoly in the supply of labor. Suppose also that the goal it has decided to pursue is to maximize the wage bill. In this case, wh..
Nation that imposes tariffs on imported goods : A nation that imposes tariffs on imported goods may find its welfare improving should the tariff result in a favorable shift in the terms of trade. Explain
Liquidated damages in the event of unlawful termination : In December 1991, NSI contracted to provide laundry service for Secrist's nursing home for a three-year period. Secrist used the service until March 1993, when she unilaterally terminated the contract without NSI's consent. The written contract provi..
Used the two-acre parcel under the impression : Milky Way Dairies purchased a two hundred-acre farm for raising cattle in 2006. An industrial park to the west, Mountain Estates, had in 1980 fenced off a two-acre stretch of land that was properly within the two hundred-acre farm now owned by Milky ..
The theory of public choice suggests : The theory of public choice suggests that
Market for gasoline affected if the excise tax on gasoline : How is the market for gasoline affected if the excise tax on gasoline is? reduced?
Determine the interest rate that he is paying on car loan : Sam bought a car for $40,000 at “0” percent for 60 months. The financing was done through the financial arm of the car company. If he had paid cash for the car he could have gotten the car for $34,000. Determine the interest rate that he is paying on..
Firm in this industry decides to increase its price : In a perfectly competitive industry, the price of good A is $2. If a firm in this industry decides to increase its price to $2.50, it will: a. realize an increase in profit of $0.50 per unit output. b. lose some of its customers in the market. c. be ..
Identify the international organization : Identify the international organization that makes loans to developing countries.

Reviews

Write a Review

Business Economics Questions & Answers

  Make the replacement economically advantageous

In 2006, Violet Rose Computer Corporation purchased a new quality inspection system for $550,000.   The   estimated   salvage   value   was $50,000 after 10 years. If the MARR for the corporation is 12% per year, find the minimum trade-in value neces..

  Strategic response to foreign exchange risks

How do you evaluate Jobeks situation from the resource based view and institution based view? Why have resources and institutions hindered Barney to cope with the foreign exchange situation, but simultaneously helped him to turn this company around? ..

  Calculate the price elasticity of demand for newtons donuts

Where Qx represents thousands of donuts; Px is the price per donut; Py is the average price per donut of other brands of donuts; and Ax represents thousands of dollars spent on advertising Newton’s Donuts. The current values of the independent variab..

  Suppose the exchange rate

Suppose the exchange rate between the U.S. dollar and the Mexican peso was $1 = 5 pesos. A can of Pepsi sells for $2 in Boston and 12 pesos in Mexico City.

  Consumers want to spend on spaghetti when the price

Set all variables to their baseline values. Elucidate how much money do consumers want to spend on spaghetti when the price.

  Draw the demand curve that must exist if consumers bear

Equilibrium in the market occurs at a price of $2,500 and a quantity of 10,000. Draw the demand curve that must exist if consumers bear the entire burden of a $500-per-TV tax imposed on this market

  Dhl prides itself on having its own staff

DHL prides itself on having its own staff of more than 300,000 people spread across the globe, instead of relying on local agents.

  Replace the idea of the globally integrated enterprise

Presuming IBM’s evolutionary perspective best represents the path to the future of change, speculate what MNE will eventually replace the idea of the globally integrated enterprise.

  Price elasticity of demand for representative gasoline

Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $1,700,000 annually. What is the price elasticity of demand for a representative gasoline reta..

  About the long run decisions of a firm

Suppose we now care about the long run decisions of a firm that has a production function of the form q = 2L + 3K. Draw the isoquant that represents 20 units of output. If the price of each unit of labor is 1, the price of each unit of capital is 2 a..

  Why would anyone pay that much for a brand name

According to Interbrand Corporation, the Coca-Cola brand name (not the company) is worth $67 billion. At least theoretically, this is what Coke could get for the name if it decided to sell it to someone else. Economically speaking, what does this $67..

  With a rawlins social welfare function

Assume that Crusoe's and Friday's utility functions are described in Problem 1. Assume now, though, that initially Crusoe has six oranges and Friday two. Assume that for every two oranges taken away from Crusoe, Friday gets only one, an orange being ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd