According to some economists, the private sector is more efficient than the public sector mainly because:
A. the private sector has a clear test of performance: profit and loss.
B. wages, salaries, and fringe benefits are higher in the private sector.
C. worker turnover is higher in the public sector.
D. of extensive negative externalities in the public sector.
Answer: A
Economics
You might also like to view...
The Federal Reserve banks make loans to member banks at a special interest rate called the discount rate
a. True b. False
Economics
The shortened work week coupled with rising hourly wages in the U.S. economy shows that
a. the income effect has been dominant. b. the substitution effect does not exist at all. c. the U.S. worker is no longer productive. d. workers have become increasingly lazy.
Economics