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How Can the Legislative Budget Board (LBB) Work to Limit

question 53

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How can the Legislative Budget Board (LBB) work to limit mismanagement and inefficiency of a state agency?


Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or taking an action.

Autarky

A national economic policy aimed at self-sufficiency, avoiding the import of foreign goods.

Netherlands

A country located in Northwestern Europe known for its flat landscape, extensive canal systems, tulip fields, windmills, and cycling routes.

Belgium

A country in Western Europe known for its medieval towns, Renaissance architecture, and as the headquarters of the European Union and NATO.

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