As Government Becomes Larger and Larger as a Share of the Economy

question 128

Multiple Choice

As government becomes larger and larger as a share of the economy, economic growth is likely to decline because

• A) taxes are reduced to levels that are inconsistent with economic efficiency.
• B) governments are involved in many activities for which they are ill-suited.
• C) tax-transfer activities are reduced and sometimes virtually eliminated.
• D) governments do not spend enough on the provision of key public goods like education.

Describe the criteria for determining capital improvements versus repair and maintenance expenses.

Understand the methods for allocating expenses between personal and rental use of a property.

Understand different leadership styles including authority compliance, team, country club, and impoverished leadership.

Identify and differentiate between task behaviors and relationship behaviors in a work setting.

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Definitions:

Delegating Tasks

The process of assigning responsibility and authority to others to complete a task while retaining ultimate accountability for its outcome.

Larger Tasks

Complex and time-consuming tasks or projects that require significant effort, planning, and resources to complete.

More Difficult

Describes tasks or challenges that require increased effort, skill, or resources compared to others.

Tackle

To confront or take on a challenge or issue directly.