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Question 21 (1 point) Which of the following best represents the decision criteria for contracting or outsourcing publicly produced goods and services? Question 21 options:
Question 21 (1 point)
Which of the following best represents the decision criteria for contracting or outsourcing publicly produced goods and services?
Question 21 options:
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1) | If private production is less than public production minus the continuing cost of monitoring, the government should choose contracting |
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2) | Governments should always contract to improve efficiency |
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3) | If private production minus monitoring costs is greater than public production, the government should choose contracting. |
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4) | If private production minus monitoring costs is less than public production, the government should choose contracting. |
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5) | Contracting is inefficient |
Question 22 (1 point)
The concept that services should be provided by the government at the lowest level that provide them efficiently is known as:
Question 22 options:
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1) | The benefit principle |
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2) | The fiscal federalism principle |
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3) | The subsidiarity principle |
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4) | Public choice |
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5) | Unfunded mandate |
Question 23 (1 point)
IRR:
Question 23 options:
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1) | always disagrees with the results found when conducting a CBA and calculating NPV |
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2) | always misleading; do not use it |
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3) | The same calculation as NPV except you divide by PV(costs) instead of subtracting PV(costs) |
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4) | is easy to explain to decision-makers but can be misleading |
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5) | always agrees with the results found when conducting a CBA and calculating NPV |
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