When Looking at Long-Run Changes in the Composition of the Public

question 19

Multiple Choice

When looking at long-run changes in the composition of the public sector workforce, the most important trend seems to be:

• A) The increasing dominance of local government
• B) The increasing dominance of the education and NHS workforces
• C) The increasing dominance of public corporations
• D) The increasing dominance of HM Forces

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Definitions:

Trading Cards

Collectible cards typically featuring individuals from sports, television, or other areas of popular culture, often traded and valued by enthusiasts.

Diminishing Marginal Utility

Declining utility, or satisfaction, derived from each additional unit consumed of a particular good or service.

Consumer Surplus

The variance between the total price consumers are inclined and financially capable of paying for a good or service and the amount they actually dispense.

Marginal Utility

The extra utility or satisfaction derived from using or consuming one additional unit of a good or service beyond what was previously consumed.