Bureaucrats Generally Believe Strongly in Their Programs and Are Motivated

question 5

True/False

Bureaucrats generally believe strongly in their programs and are motivated by the importance of their tasks.

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Definitions:

Opportunity Cost

The forfeiture of potential benefits from other options when a particular choice is made.

Protective Tariffs

Tariffs imposed by a government to protect domestic industries from foreign competition by raising the price of imported goods.

Standard Of Living

The level of wealth, comfort, material goods, and necessities available to a person, group, or society.

Comparative Advantage

Comparative advantage is the ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.