Which of the following factors weakens the case for private-sector provision of goods and services as opposed to public-sector provision?
a. weak incentives for operational efficiency
b. rent-seeking
c. the shortsightedness effect
d. externalities
D
Economics
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An automobile manufacturer is trying to make decisions about using more workers or more equipment. This belongs to the trade-off
A) Which goods and services to produce. B) How to produce. C) Who gets the goods and services. D) Who produces the goods and services.
Economics
The opportunity cost of going to college is best measured by the
a. cost of room and board b. cost of tuition c. cost of room and board plus tuition d. income forgone by not working, plus tuition e. income forgone by not working, plus tuition and room and board
Economics