The "primary motive" of regulators, according to the share-the-gains, share-the-pains theory, is to
A) maximize their income through accepting monetary payoffs from groups.
B) ensure that every group gets what it wants.
C) ensure that all customers share the benefits of regulation, and not just the wealthiest consumers.
D) keep their jobs.
D
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Which of the following statements is true?
A) Cost-benefit analysis does not yield the same result as optimization analysis. B) A rational economic agent is not likely to optimize. C) Cost-benefit analysis can also be used for normative economic analysis. D) The net benefit of an option that costs $50 and provides a benefit of $100 is equal to $150.
Of the following, which group is hurt by a tariff?
A) domestic consumers of the good B) domestic government C) foreign government D) foreign consumers of the good E) domestic producers of the good
If British government bonds pay a higher interest rate than U.S. government bonds, the dollar should appreciate
a. True b. False Indicate whether the statement is true or false
The average tax rate is defined as
A) total tax due/change in taxable income. B) total tax due/total taxable income. C) change in taxes due/change in taxable income. D) change in taxes due/total taxable income.