Define “earmarks” and give an example
Please provide the best answer for the statement.
Earmarks are specifically designated authorizations of expenditures that enable senators and representatives to provide benefits to in-state firms and organizations without subjecting the proposals to the usual evaluation and competitive bidding. Some of the benefits of these projects outweigh the costs. Others are questionable; thus reallocating scarce resources from higher-valued to lower-valued uses.
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Frozen Treats and Dairy Treats are two ice cream firms that are competing with each other. If Frozen Treats announces an upcoming price change next month, it may be signaling to Dairy Treats its intent to engage in ________.
A) a Cournot oligopoly B) tacit collusion C) a Chamberlin oligopoly D) a Stackelberg oligopoly
Globalization is becoming more of a worldwide phenomenon because
a. more countries want to become self-sufficient. b. less-developed countries are increasing their trade restrictions. c. technological advancements are decreasing transportation costs. d. trade hurts workers in poor countries.
Which of the following statements about the real goods market is not true?
a. Among the most important factors influencing the shape of the aggregate supply curve is the nation's rate of resource utilization. b. Among the key indicators that provide clues about where a nation is on its aggregate supply curve is the unemployment rate. c. If the nation were near the Keynesian range, a strong increase in real GDP would be accompanied by relatively weak rise in the price index. d. In the Classical range, a significant increase in real GDP is accompanied by a relatively small increase in the price index. e. All of the above are true.
Megan has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an accounting firm's website in exchange for someone doing their tax returns. Which of the following principles of economic interaction best describes this scenario?
a. All costs are opportunity cost. b. Trade can make everyone better off. c. When markets do not achieve efficiency, government intervention can improve overall welfare d. Market allocate goods effectivity