Public choice theory emphasizes the role of self-interest in public decision-making.
Answer the following statement true (T) or false (F)
True
A central tenet of public choice theory is that bureaucrats are just as selfish (utility maximizing) as everyone else.
Economics
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Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for almonds. Which panel best describes what happens in this market when there is an increase in the productivity of almond harvesters?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
Economics
In situations where new technologies are considered substitutes for workers, demand for these workers will ________, resulting in ________ in the equilibrium wage
A) increase; a decrease B) decrease; a decrease C) increase; an increase D) decrease; an increase
Economics