Which of the following stands true of corruption?
a. Payment of money or gifts in order to receive a government service or benefit is a widespread practice only in less-developed countries.
b. Corruption reduces growth most directly through government investment in projects with high productivity.
c. Corrupt governments spend less on capital goods than governments that are less corrupt.
d. The more competitive a country's markets are, the fewer the opportunities for corruption.
e. Private investment is relatively higher in countries in which government expenditure is very high.
d
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Which of the following correctly identifies the trade-off that a budget constraint represents?
A) The amount of one good that has to be given up to purchase an additional unit of the other good B) The optimum combination of goods that a consumer with a given income should purchase C) The maximum amount of two goods that a consumer can purchase given his income D) The amount of income that must be given up to obtain an additional unit of a good
The phrase "to spread the overhead" refers to reducing the costs that are not directly attributable to the production process
a. True b. False Indicate whether the statement is true or false