The term pork-barrel legislation refers to
a. government spending programs financed with user charges.
b. the exchange between legislators of their votes on issues.
c. legislation that bundles together a number of projects, each benefiting local interests at the expense of general taxpayers.
d. the actions of legislators who are willing to trade their political votes for campaign contributions from special interest groups.
C
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The four-firm concentration ratio equals the percentage of the value of ________ accounted for by the four ________ firms in the industry
A) sales; smallest B) profits; smallest C) sales; largest D) profits; largest
The Fed can engage in preemptive strikes against a rise in inflation by ________ the federal funds interest rate; it can act preemptively against negative demand shocks by ________ the federal funds interest rate
A) raising; lowering B) raising; raising C) lowering; lowering D) lowering; raising
If the monopoly's demand curve intersects the AVC curve at minimum AVC, the firm will shut down
Indicate whether the statement is true or false
Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. Assuming both countries have the same amount of resources available to them, which of the following statements is true? Country A has:
A. the absolute advantage in neither the production of cars nor trucks. B. an absolute advantage in the production of cars, and Country B has the absolute advantage in the production of trucks. C. an absolute advantage in the production of trucks, and Country B has the absolute advantage in the production of cars. D. the absolute advantage in the production of both cars and trucks.