Amtrak Is an Example of Which Type of Bureaucratic Structure

question 82

Multiple Choice

Amtrak is an example of which type of bureaucratic structure?

• A)cabinet department
• B)independent agency
• C)independent regulatory commission
• D)government corporation

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Definitions:

Income Elasticity

A measure of how much the demand for a good or service changes with a change in consumers' income, indicating the nature of the good as either a necessity or a luxury.

Hybrid Cars

Vehicles powered by a combination of an internal combustion engine and one or more electric motors, using less fuel than conventional cars.

Normal Good

A type of good for which demand increases as the income of the consumer increases, showing a direct relationship between income and demand.

Income Elasticity

A measure of how much the demand for a good responds to a change in consumers' income.