III. The directors and managers of government-operated firms will be primarily driven by

a. reducing costs and improving the quality of service provided to customers.

b. economic profit.

c. providing high quality goods at low costs.

d. obtaining larger budgets and other favors from the legislative bodies that oversee their operations.

I. When businesses and individuals use the political process to take the wealth of others, this is known as

a. production.

b. plunder.

c. voluntary exchange.

d. capitalism.

VI. Which of the following is an example of a government agency introducing competition to its operations in order to lower costs and improve efficiency?

a. A government office extends business hours during the workweek.

b. A government agency lobbies for additional funding for next year's budget.

c. A government agency out-sources its vehicle maintenance department to the lowest bidder.

d. A government office printing department comes in under-budget for the year.