Which of the following explains why managers of government agencies have little incentive to achieve operational efficiency?
What will be an ideal response?
Public-sector managers need not fear bankruptcy when operational efficiency is not achieved, seldom receive personal benefits if they find ways to improve the efficiency of their operations, and typically do not face competition.
Economics
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When asset prices rise above their fundamental economic values, a(n) ________ occurs
A) asset-price bubble B) liability war C) decline in lending D) decrease in moral hazard
Economics
What was the goal of Operation Twist?
A) to reduce long-term interest rates and increase short-term interest rates B) to reduce short-term interest rates and increase long-term interest rates C) to reduce both short-term and long-term interest rates D) to increase both short-term and long-term interest rates
Economics