A more complex view of the incentives facing a bureaucrat _____
a. shows that bureaucrats might prefer to maximize their discretionary budget over their total budget
b. shows that bureaucrats might prefer to always act in the public interest, if they believe in their bureau's mission.
c. shows that the incentives facing a bureaucrat are simple and never conflict with one another.
d. shows that the bureaucrats may about increasing their own income but their power and prestige
a
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Before digital photography, most film processing companies had a policy of printing every picture on a roll of film and allowing customers to request a refund for pictures that were not clearly developed. The companies did this knowing that most
customers did not ask for refunds. This was an example of consumers A) failing to ignore sunk costs. B) being overly optimistic about their future behavior. C) not taking nonmonetary opportunity costs into account. D) not making themselves aware of the policy regarding refunds.
Quotas and tariffs provide the same outcome: restriction of international trade and higher prices for consumers.
Answer the following statement true (T) or false (F)