Which of the following will definitely reduce a budget deficit and provide fiscal restraint?
A. Greater government spending and lower taxes.
B. Greater government spending and higher taxes.
C. Lower government spending and lower taxes.
D. Lower government spending and higher taxes.
D. Lower government spending and higher taxes.
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Which of the following is FALSE?
a. Maximizing division profits can sometimes lead to reducing company-wide profits b. Managers of profit centers are never given any discretion in their decision making c. Profit centers usually largely run themselves d. A manager being rewarded on division revenues has the most incentive to make good decisions for his division
Cindy discovers that when she goes to the beach, she does not have to bring her radio. She can put her blanket near someone who has a radio and listen all day (without having to carry her radio, get sand in her speakers, or buy new batteries). This is an example of:
a. private property abuse. b. external costs. c. a negative externality. d. a positive externality.