Once a government program is put into place, the employees of the bureau put in charge of administering the program _____

a. become profit maximizers
b. begin working in the public interest
c. start rent seeking
d. become an interest group

d

Economics

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Classical growth theory states that

A) growth is maximized when everyone is fully employed. B) growth is followed by increases in the population, eventually leaving real GDP per person unchanged. C) growth in real GDP per person is difficult in the beginning but easier in the later stages. D) advances in technology will always insure a permanent increase in real GDP per person.

Economics

The process by which union and management representatives negotiate a mutually agreeable contract specifying wages, benefits, and working conditions is called

a. collective bargaining b. mediation c. arbitration d. striking e. litigation

Economics