One reason why it is very difficult to write optimal military procurement contracts is because _____
a. there are numerous possible producers
b. the military purchases many goods
c. new technology often has to be developed
d. there are many possible consumers of the product
c
You might also like to view...
The figure above shows the market for annual influenza immunizations the United States. Area A + Area B is the
A) deadweight loss when there is not the illustrated subsidy. B) loss in efficiency from the illustrated subsidy. C) gain in efficiency from the illustrated subsidy. D) remaining deadweight loss when there is the illustrated subsidy. E) equilibrium with the illustrated subsidy.
All of the following methods were used to raise funds to finance the Civil War (1861–1865) except
(a) An income tax (b) The printing of paper money (c) Taxes on prostitution (d) Taxes on whiskey and beer