Which of the following is motivated by an efficiency concern?
A) In December 2006, the Bush administration restarted a short-term housing assistance program for victims of Hurricane Katrina.
B) Each year, the University of Notre Dame conducts a lottery to parcel out the 30,000 seats available to contributors, former athletes, and parents in the 80,000-seat stadium.
C) The United Network for Organ Sharing advocates a system of rationing scarce kidneys that would favor young patients over old in an effort to wring more life out of donated organs.
D) The federal government's housing choice voucher program assists very low-income families, the elderly, and the disabled to afford decent, safe, and sanitary housing in the private market.
Answer: C
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Productivity growth occurs when:
A) there are more inputs B) firms can produce more output per unit of input C) more output is produced D) employees work extra hours
A merger between McDonald's and Burger King would be called a:
a. horizontal merger. b. vertical merger. c. conglomerate merger. d. cartel. e. game theory.