13. At some point in the future there will probably be only electric or alternative energy-powered...
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13. At some point in the future there will probably be only electric or alternative energy-powered cars on the road. Where will it come from if economic history is a useful guide? a. Centrally planned production by the government to ensure quality and reliability. b. The contributions of multitudinous strangers, all contributing their tiny amounts of knowledge without the help of masterminds or central planning by legislators. The Department of Energy if the Biden Administration will simply trust scientists to do their research. d. The self-interested activities of people with unique comparative advantages that leads to profit rather than selfless acts of love and kindness. e. B and D only 14. Over the years, economists have observed that when it comes to the efficient provision of goods and services, government agencies tend to: a. Have the proper incentives to provide services at a more efficient level than the for-profit sector of the economy because there are certain public services that should not be based on the pursuit of money. b. Be far less effective than the private sector, because there is no motivation to make profit and little consequences if failure occurs. c. Pursue polices that Adam Smith valued while making sure that police protection, education, the protection of national forests and more, are done efficiently. After all, voters can simply refuse to pay for these services if the government fails to do a good job. d. Force taxpayers to pay property and income taxes for services that would be provided more effectively by private, for-profit businesses. e. B and D only f. A and C only 13. At some point in the future there will probably be only electric or alternative energy-powered cars on the road. Where will it come from if economic history is a useful guide? a. Centrally planned production by the government to ensure quality and reliability. b. The contributions of multitudinous strangers, all contributing their tiny amounts of knowledge without the help of masterminds or central planning by legislators. The Department of Energy if the Biden Administration will simply trust scientists to do their research. d. The self-interested activities of people with unique comparative advantages that leads to profit rather than selfless acts of love and kindness. e. B and D only 14. Over the years, economists have observed that when it comes to the efficient provision of goods and services, government agencies tend to: a. Have the proper incentives to provide services at a more efficient level than the for-profit sector of the economy because there are certain public services that should not be based on the pursuit of money. b. Be far less effective than the private sector, because there is no motivation to make profit and little consequences if failure occurs. c. Pursue polices that Adam Smith valued while making sure that police protection, education, the protection of national forests and more, are done efficiently. After all, voters can simply refuse to pay for these services if the government fails to do a good job. d. Force taxpayers to pay property and income taxes for services that would be provided more effectively by private, for-profit businesses. e. B and D only f. A and C only
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Related Book For
Project Management The Managerial Process
ISBN: 9781260570434
8th Edition
Authors: Eric W Larson, Clifford F. Gray
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