Which of the Following Is a Constraint That Government Bureaucrats

question 27

Multiple Choice

Which of the following is a constraint that government bureaucrats face to a greater degree than private (business) bureaucrats?

• A)Government bureaucrats are often not allowed to keep a thorough paper trail.
• B)Government bureaucrats are subject to much greater public scrutiny.
• C)Government bureaucrats may not make Freedom of Information Act requests.
• D)Government bureaucrats do not have to conform to the same strict standards for hiring and firing as private bureaucrats do.
• E)Government bureaucrats must consider the effects of their decisions on company stock prices.

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Definitions:

MC

Marginal Cost, the increase in total cost that arises from producing one additional unit of a good or service.

AVC

Average Variable Cost, the variable cost per unit of output.

Law Of Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if all other variables remain at a constant.

Marginal Output

The additional quantity of a product that is produced from using one more unit of an input, keeping other inputs constant.