Which of the following is not an important difference between privately-owned enterprises and government institutions?
A) Decision makers confront different sets of incentives.
B) Different kinds of information are available to decision makers.
C) Government has the generally acknowledged right to use coercion.
D) Self-seeking motives are less characteristic of government employees.
D
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If fluctuations in interest rates become smaller, then, other things equal, the demand for stocks ________ and the demand for long-term bonds ________
A) increases; increases B) increases; decreases C) decreases; decreases D) decreases; increases
The market demand for MP3 players is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell an MP3 player is $12. If he receives 60% of the MP3 sales revenue, then
A) Nick will sell 38 MP3 players. B) Nick will sell 50 MP3 players. C) Nick will receive $270 as profit. D) total profit is $342.