Suppose everyone in a town prefers spending on improved public transportation systems instead of public parks, and prefers spending on public parks instead of building a public zoo. An ideal voting system would ensure that:
A. public parks could beat transportation spending.
B. zoo funding could beat public parks.
C. zoo funding could beat public transportation.
D. public transportation spending could beat zoo funding.
Answer: D
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A progressive income tax system can be defined as one in which
A. the government uses taxes paid by the wealthy to fund programs for the poor. B. an individual pays more dollars in taxes when his income rises. C. the marginal tax rate rises over time. D. the average tax rate is higher for individuals with higher incomes.
Production possibility curves are upward-sloping because increased production of one good implies reduced production of another good.
Answer the following statement true (T) or false (F)
Describe intellectual property rights. What agreements have been reached regarding their protection? What are the benefits and the costs of protecting intellectual property rights?
What will be an ideal response?
The government agency that controls the development and availability of new medical discoveries, including pharmaceutical drugs is
a. the Health Care Financing Administration. b. the Food and Drug Administration. c. the Centers for Disease Control. d. the National Institutes for Health. e. the Federal Emergency Medical Administration.