Political corruption occurs in the following instances, except when:
A. Government officials use their powers for personal gain
B. People pay a government official to do what he should be doing
C. People pay a bureaucrat to do something that he should not be doing
D. Businesses pay property taxes and license fees
D. Businesses pay property taxes and license fees
You might also like to view...
Consider a market with (inverse) demand p = 100 - 2Q. There are two firms in the market with constant marginal and average costs of $10
a. Determine the Cournot equilibrium quantities and price b. What would be the collusive (joint-profit maximizing) price and quantity? c. Derive the deadweight loss from (i) Cournot Dupoly, (ii) Collusion, and (iii) Perfect competition in this market with the two firms.
In utilizing unconventional monetary policy in 2009, the Federal Reserve purchased
A. real estate worth more than $2 trillion. B. $800 billion in Treasury bills. C. over $1 trillion in mortgage-backed securities. D. $600 billion in long-term Treasury bonds.