Competition Can Be Beneficial in the Public Sector Because _____

question 29

Multiple Choice

Competition can be beneficial in the public sector because _____.

• A)it leads to governments going out of business
• B)comparison gives some clue as to whether a government is operating efficiently
• C)it eliminates a prisoners' dilemma problem
• D)a and c

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Definitions:

Opportunity Costs

The cost of the next best alternative foregone as a result of making a decision.

Scarce Resources

Essential goods and services that are limited in supply relative to demand, necessitating allocation and economical usage.

Macroeconomics Question

A question that relates to the study and analysis of the economy as a whole, including issues like inflation, unemployment, and economic growth.

Constitutional Amendment

A formal change or addition proposed or made to a constitution, modifying its existing provisions or adding new ones.