According to William Niskanen, bureaucrats seek to
a. maximize profits
b. maximize tax revenues
c. maximize budgets
d. minimize variable costs
e. minimize total costs
C
Economics
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The real return of money is
A) 0. B) -r. C) -R. D) -i.
Economics
When the price of a resource is set below equilibrium,
a. excess demand for the resource will occur. b. excess supply of the resource will result. c. the supply of the resource will be inelastic. d. the demand for the resource will be inelastic.
Economics