The unlawful misdirection of governmental resources for personal gain is known as:
A. political corruption.
B. logrolling.
C. adverse selection.
D. the special-interest effect.
Answer: A
Economics
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An increase in aggregate demand, such as that due to an increase in government purchases, increases:
a. prices in the short run and output in the long. b. output in the short run and prices in the long run. c. both output and prices in the long run. d. output in the long run.
Economics
The portion of a resource's earnings greater than the amount required to keep the resource in its present use is called:
a. the price of the resource. b. the opportunity cost of the resource. c. economic rent. d. income.
Economics