Economics Pick an agency in public sector (e.g., government or nonprofit). Briefly describe the agency and its function, and then give concrete examples of inputs, outputs, and outcomes relevant to the core function of this agency. Which of these three elements does a traditional line-item budget focus on? When pressed to develop performance

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 9RQ: What are explicit and implicit costs?
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Economics
Pick an agency in public sector (e.g., government
or nonprofit). Briefly describe the agency and its
function, and then give concrete examples of
inputs, outputs, and outcomes relevant to the core
function of this agency. Which of these three
elements does a traditional line-item budget focus
on? When pressed to develop performance
measures, which (outcomes or outputs) will the
agency tend to propose? Why? Which (outputs or
outcomes) will the principal (legislative, executive,
or funder in the case of a nonprofit) attempt to
compel the agency to use? Why?
Transcribed Image Text:Economics Pick an agency in public sector (e.g., government or nonprofit). Briefly describe the agency and its function, and then give concrete examples of inputs, outputs, and outcomes relevant to the core function of this agency. Which of these three elements does a traditional line-item budget focus on? When pressed to develop performance measures, which (outcomes or outputs) will the agency tend to propose? Why? Which (outputs or outcomes) will the principal (legislative, executive, or funder in the case of a nonprofit) attempt to compel the agency to use? Why?
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