Unlike private firms, governments cannot readily
A) go bankrupt
B) dissolve
C)seek lower labor costs in other geographic areas
D)all of the above

Question

Quizplus · Accepted Answer

Governments have unique characteristics compared to private firms, including the inability to go bankrupt in the traditional sense, the difficulty in dissolving, and restrictions on seeking lower labor costs in other geographic areas due to political, legal, and social obligations.

Unlike Private Firms, Governments Cannot Readily