The time and money it takes to organize a group or a campaign and to get the attention of lots of busy people is the:
A. cost of collective action.
B. reason why collective action does not happen in the real world.
C. reason why all individuals never participate in any collective action.
D. initial set-up costs of the campaign or group.
A. cost of collective action.
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If a taxpayer itemizes deductions, then an exemption is worth the same as a deduction
a. True b. False
Prospect theory can explain why
A) people tend to gamble on long odds with small expected utility. B) people tend to sell their losing stocks and keep their winning stocks. C) people should only sell their losing stocks. D) people should never play the lottery.
Economists hold many positions advising the president and Congress including
a. being a member of the Council of Economic Advisers. b. helping to enforce antitrust laws at the Department of Justice. c. conducting research at the Congressional Budget Office. d. All of these are possible positions that economists hold.
Carefully explain why political pressure to protect industry has often been intense in the United States
What will be an ideal response?