Which of the following stands true of corruption?
a. Payment of money or gifts in order to receive a government service or benefit is a widespread practice only in less-developed countries.
b. Corruption reduces growth most directly through government investment in projects with high productivity.
c. Corrupt governments spend less on capital goods than governments that are less corrupt.
d. The more competitive a country's markets are, the fewer the opportunities for corruption.
e. Private investment is relatively higher in countries in which government expenditure is very high.
Question 2
If Stephanie buys a laptop for 700 and the maximum she would have paid was 1,000, which of the following is true?
a. Stephanie received consumer surplus of 1,000.
b. Stephanie received producer surplus of 700.
c. Stephanie received a consumer surplus of 700.
d. Stephanie received a consumer surplus of 300.
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