The Important Debate About the Appropriate Balance Between the Public

question 20

Multiple Choice

The important debate about the appropriate balance between the public and private sectors

• A)has been solved in Canada.
• B)is largely about the marginal benefits of public spending versus the marginal benefits of private spending,received for the last dollar spent.
• C)was solved by John Kenneth Galbraith in his book The Affluent Society.
• D)was solved by James Buchanan,a Nobel laureate.
• E)should be decided by economists because they know the right balance.

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Definitions:

Employees

Individuals who are hired by a business or organization to perform work and are typically paid wages or salaries in return for their labor.

Resource Allocator

A role in management that involves deciding how to distribute resources effectively to achieve specific goals and objectives.

Entrepreneur

An individual who creates, organizes, and manages a business venture, taking on financial risks in the quest for profit.

Monitor

To monitor is to regularly observe and check the progress or quality of something over a period of time, often to detect changes or to ensure that it is in a satisfactory condition.