Competing-interest legislation is legislation that
a. imposes benefits on only a few individuals but imposes costs on many people
b. imposes both benefits and costs on relatively few individuals
c. imposes benefits on many individuals but imposes the costs on relatively few people
d. imposes both benefits and costs on many individuals
e. imposes costs only on those individuals who are rationally ignorant
B
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Which of the following is NOT a mechanism the HPAE used to share wealth across all layers of society?
A) significant investments in rural infrastructure B) free public education C) tax policies that strongly redistributed income from rich to poor D) land reform
Real GDP values current production at
A) current year prices. B) the best estimate of next year's prices. C) the average of price levels over the entire sample period. D) base year prices.
Which of the following determinants of marginal productivity cannot be acquired by someone who wants to increase future productivity?
A) education B) training C) talent D) experience
Which of the following steps should Bufton Dairy, a firm selling dairy products, take in order to earn positive economic profits?
a. Offering products that are identical to those of its rivals b. Producing at the highest point on its average total cost curve c. Acquiring most of its rivals d. Selling only one dairy product