Special-interest programs are highly attractive to vote-seeking politicians because
a. these programs are highly efficient, and therefore, they tend to enhance the general welfare of the populace.
b. members of special interest groups favoring these programs are less likely to vote than the taxpayers who pay for them.
c. low-income recipients are the primary beneficiaries of special-interest programs.
d. members of special interest groups favoring these programs feel strongly about them while most other voters are rationally uninformed about them.
D
You might also like to view...
The additional benefit to a consumer from consuming one more unit of a good or service
A) is equal to economic surplus. B) is equal to marginal benefit. C) is equal to the opportunity cost of consuming the good or service. D) is equal to consumer surplus.
To function as money, something must hold its purchasing power over time. That is, it must be a
A) store of value. B) standard of deferred payment. C) unit of accounting. D) medium of exchange.
Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can produce 24 units of food per year or 12 units of clothing. Which of the following is true?
a. Alland has both a comparative and absolute advantage in producing food. b. Alland has comparative advantage, but not an absolute advantage, in producing food. c. Georgeland has both a comparative and absolute disadvantage in producing clothing. d. Georgeland has an absolute disadvantage, but not a comparative disadvantage, in producing clothing.
Which of the following makes it more difficult for an incumbent to successfully engage in limit pricing?
A. Learning curve effects B. Commitment mechanisms C. A firm's past reputation for being tough on entrants D. Complete information