In Niskanen's Theory, Bureaucrats Obtain the Budget They Want by

question 107

Multiple Choice

In Niskanen's theory, bureaucrats obtain the budget they want by

• A)lowering prices to consumers
• B)raising prices to consumers
• C)promising to produce more efficiently
• D)threatening legislatures with an all-or-nothing choice
• E)allowing legislators to cut particular items from their budget

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Definitions:

Loans

Money lent to individuals, businesses, or other entities with the expectation of repayment with interest.

Equal Instalment Loans

Loans that are paid back in equal periodic payments, typically including both principal and interest components.

Interest Portion

The part of a payment that covers the interest or cost of borrowing, as distinguished from principal or repayment of the borrowed amount.

Principal Reduction

The act of paying down the outstanding balance of a loan, not including interest, to reduce the principal amount owed.