Logrolling _____
a. impedes the work of special interest groups
b. makes it easier for politicians to pass special interest legislation
c. decreases the total quantity of special interest benefits
d. does not depend on the rational ignorance of voters
b
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Refer to the figure above. Which of the following is likely to happen if a price control below the equilibrium price is imposed?
A) Quantity supplied will exceed quantity demanded. B) Quantity demanded will exceed quantity supplied. C) Consumer surplus will decrease. D) Producer surplus will increase.
Which of the following will shift the supply of loanable funds curve leftward?
A) a decrease in the real interest rate B) a decrease in real wealth C) a decrease in disposable income D) a decrease in expected future income
The US government began tracking poverty in the late:
A. 1950s. B. 1960s. C. 1970s. D. 1940s.
The change in net benefits that arises from a one-unit change in quantity is the:
A. present value benefits. B. marginal net benefits. C. total net benefits. D. variable benefits.