When the federal government owns parks that are funded by tax dollars,
a. park managers receive full information about visitor desires and make decisions accordingly.
b. the same incentive structure exists for public park managers as private park managers.
c. park managers devote much time and effort to satisfying political desires instead of visitor desires.
d. park managers will be less likely to mismanage the park.
C
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At the time of the South Korean financial crisis, the government allowed many chaebol owned finance companies to convert to merchant banks. Finance companies ________ allowed to borrow abroad and merchant banks ________
A) were not; could borrow abroad B) were not; could not borrow abroad C) were; could borrow abroad D) were; could not borrow abroad
Refer to the above figure. Medicare subsidies have increased the price of medical services to Ps. The quantity demanded of medical services is
A) QM. B) Q0. C) Qd. D) undetermined without more information.