Which of the Following Is a Crude but Efficient Mechanism

question 94

Multiple Choice

Which of the following is a crude but efficient mechanism that promotes efficiency in the provision of public goods by bureaus? ​

• A)Vote with their feet
• B)Arbitrage
• C)Pork-barrel spending
• D)Competing-interest legislation
• E)Special-interest legislation

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Definitions:

Revenue

The total income generated from normal business operations and before any costs or expenses are deducted.

Progress Payments

Payments made on a contract in advance of the final delivery, typically based on the completion of certain stages or milestones within the project.

Critical Event

A significant occurrence or turning point that has the potential to affect the operation, stability, or outcome of a process, project, or situation.

Value Creation

The process through which businesses or organizations generate increased worth for shareholders or stakeholders, often through strategic decision-making and operations.