"Earmarks" refer to:
A. the additional votes that must be taken when a voting paradox occurs.
B. taxes that redistribute wealth or income from one income group to another.
C. authorized expenditures benefiting a narrow, specifically designated group that are
included in more comprehensive spending legislation.
D. legislation focused on correcting negative externalities.
Answer: C
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A. $5,000 B. $2,300 C. $3,600 D. $2,700
________ the owners of the factors of production, while ________ what amounts of those factors to hire
A) Households are; firms determine B) Households are; the government determines C) The government is; firms determine D) Firms are; households determine E) Firms are; the government determines
Currently, the United States has an import quota on the amount of sugar that is allowed to be imported into the United States. What would happen to the price of sugar in the United States if the import quota was removed? What would happen to U.S
consumption and U.S. production of sugar?
Gross revenue minus explicit costs equals
A) accounting profit. B) implicit cost. C) opportunity cost. D) economic profit.