Public choice theorists contend that
a. government can efficiently correct instances of market system failure.
b. the existence of cost-benefit analysis has brought about the efficient use of resources in the public sector.
c. public bureaucracies are inherently more efficient than private enterprises.
d. public bureaucracies are inherently less efficient than private enterprises.
Public choice theorists contend that
a. government can efficiently correct instances of market system failure.
b. the existence of cost-benefit analysis has brought about the efficient use of resources in the public sector.
c. public bureaucracies are inherently more efficient than private enterprises.
d. public bureaucracies are inherently less efficient than private enterprises.
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Related questions
1. Government failure occurs
A. when the market provides the wrong amount of a certain good. |
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B. never, government intervention always improves social utility. |
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C. when the benefit of a government intervention exceeds its cost. |
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D. when the cost of a government intervention exceeds its benefit. |
2. The opportunity cost of government intervention is
A. Lost public sector production.
B. Lost private-sector production.
C. higher government debt.
D. higher taxes.
3. Give an example of negative externality and explain what kind(s) of policies the government uses to correct this externality.
4. Why is it difficult to use cost-benefit analysis on government spending decisions?