Which of the following is FALSE about public-sector decision making?
A) Decisions are based on majority rule.
B) The price charged to consumers is often less than its full opportunity cost.
C) Decisions involve no opportunity cost.
D) Incentives play a role in decision making.
C
Economics
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If a corporation does not distribute profit to its stockholders, it might be that
a. no profit was earned by the corporation b. profit was used to pay out dividends c. the corporation has no stockholders d. its losses were as large as its profit e. profit was used to pay its board of directors, the first claimants to corporate profit
Economics
A change in a nonprice factor of demand will cause:
A. a movement along the demand curve. B. a shift of the demand curve. C. the demand curve to rotate inward. D. the demand curve to rotate outward.
Economics