The basic difference between a public bureau and a market firm is that the bureau
a. has an incentive to maximize profits
b. has no incentive to minimize costs
c. managers do not attempt to maximize their self interest
d. managers are more likely to be concerned with the public interest than their own self interest
e. faces a budget constraint placed up it by the voters
B
Economics
You might also like to view...
Economists classify energy and water as part of which factor of production?
A) land B) labor C) capital D) entrepreneurship E) land if undeveloped and capital if developed
Economics
There are two equidistant exits in a movie theater. However, one exit is used by a majority of the people after the end of a movie. This is an example of ________
A) herding B) anchoring C) signaling D) sniping
Economics