Which of the following explains why managers of government agencies have little incentive to achieve operational efficiency?
a. Public-sector managers need not fear bankruptcy when operational efficiency is not achieved.
b. Public-sector managers seldom receive personal benefits if they find ways to improve the efficiency of their operations.
c. Public-sector agencies typically do not face competition.
d. All of the above explain why government agencies have little incentive to be efficient.
D
Economics
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If domestic investment is growing faster than domestic savings, then net capital flows must be
A) shrinking. B) positive. C) negative. D) growing.
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Lower interest rates which reduce the debt-servicing burden of households, thus increasing their net worth, is best described by the
A) bank lending channel. B) money channel. C) financial market channel. D) balance sheet channel.
Economics