An example of featherbedding is
A) the union practice that requires younger workers to be laid off first in a recession.
B) a requirement that all construction workers working on government-funded construction projects must be paid union wages.
C) employer-paid dental insurance negotiated by the union.
D) a requirement on railroads to keep a fireman on board after the introduction of diesel engines.
Answer: D
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The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. What is the area of deadweight loss when Light-U-Up is regulated and follows an average cost pricing rule?
A) acg B) degf C) deg D) There is no deadweight loss.
Rich country to poor country migration is relatively uncommon
Indicate whether the statement is true or false
In recent years, redistribution has been the fastest growing category of federal government outlays
a. True b. False
Voluntary exchange results in mutual gains
a. True b. False Indicate whether the statement is true or false