Question
The self-interest theory of government was suggested by: James Buchanan. Charles M. Tiebout. bureaucrats. the European Union. An electrician licensing program in the state of
The self-interest theory of government was suggested by:
James Buchanan.
Charles M. Tiebout.
bureaucrats.
the European Union.
An electrician licensing program in the state of North Carolina requires each electrician to obtain a license and renew it each year. Which of the following is a result of having the licensing program in North Carolina?
A decrease in total surplus
Excess demand for electrical service
An increase in the quality of electrician
All of the above are a result of the licensing program.
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
