Who Is the Employer of Public Servants

question 39

Multiple Choice

Who is the employer of public servants?

• A) The minister under whom they serve
• B) The Treasury Board
• C) The Privy Council Office
• D) The Prime Minister's Office
• E) The governor general

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Definitions:

New Equilibrium

The point at which market supply and demand balance each other, and, as a result, prices become stable following a disturbance.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, measured above the supply curve.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, reaching a state of balance where there are no surplus or shortage.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, reflecting gains from trade.