At the Highest Levels,the Bureaucracy Is Responsible to ______

question 26

Multiple Choice

At the highest levels,the bureaucracy is responsible to ______.

• A) only one supervisor
• B) Congress
• C) the department heads
• D) several bosses who may have conflicting goals
• E) no one

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Definitions:

Government Bailouts

Financial assistance given by a government to a failing business or sector, intended to prevent widespread economic disruption.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction, which are not reflected in the transaction's market price.

Equilibrium Price

The price in the market where the amount of products available matches the amount of products wanted by consumers.

Deforestation

The clearing or thinning of forests by humans to make the land available for other uses, such as agriculture, logging, or mining, often leading to environmental concerns.