According to public choice theorists, the behavior of people employed in the public sector is likely to differ from the behavior of people employed in the private sector because
A) the two sectors are likely to attract people of different psychological profiles.
B) government employees are likely to exhibit more civic responsibility than private-sector employees.
C) the same objective to maximize one's net benefit will produce different behavior in different institutional settings.
D) all of the above
E) a and b
C
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A____________is a graph showing the various quantities supplied at each and every price that might prevail in the market.
Fill in the blank(s) with the appropriate word(s).
When the exchange rate for the Mexican peso changes from 9 pesos to the U.S. dollar to 10 pesos to the U.S. dollar, then the Mexican peso has ________ and the U.S. dollar has ________
A) appreciated; appreciated B) depreciated; appreciated C) appreciated; depreciated D) depreciated; depreciated