The median voter votes yes for a project if
A) the value of the project for him is larger than the tax he needs to pay.
B) the value of the project for him is smaller than the tax he needs to pay.
C) the total benefits are positive.
D) the total cost is zero.
A
You might also like to view...
In the basic Keynesian model, a tax increase:
A. increases short-run equilibrium output. B. reduces potential output. C. increases potential output. D. reduces short-run equilibrium output.
Which of the following is true of coinsurance?
A) The policyholders do not have to pay a premium. B) Each policyholder has to pay a certain fee while making claims. C) The responsibility of paying claims is split between the insurer and the policyholder. D) All policyholders pay the same premium irrespective of the scheme they chose.
Suppose the banks in the Federal Reserve System have $1 billion in transactions accounts and the reserve requirement is 0.10. Ceteris paribus, if the reserve requirement is increased to 0.20, then excess reserves will:
A. Increase by $100 million. B. Increase by $200 million. C. Decrease by $100 million. D. Decrease by $200 million.
The argument that suggests that regulators balance the interests of firms, consumers, and legislators is called
A. the creative response theory. B. the theory of optimal regulation. C. the capture hypothesis. D. the share-the-gains, share-the-pains theory.