Which of the following defines logrolling?
b. Individual legislators write legislation that only benefits their congressional districts.
c. A legislature passes laws without allowing public hearings or congressional debate.
d. Lobbyists offer high-paying jobs to influential legislators in exchange for favorable legislation.
a. A group of legislators agree to vote for a package of unrelated laws that they individually favor.
You might also like to view...
The excess capacity theorem states that
A. society is worse off with fewer monopolistic competitors. B. costs of production under monopolistic competition can be lowered by reducing the number of producers. C. lack of excess capacity leads to shortages during periods of unexpected growth in demand for goods produced by monopolistic competition. D. there is too much choice in our economy.
________ refers to the ability of sellers to affect market prices
A) Goodwill B) Market hold C) Market power D) Capital adequacy
An increase in the money supply would cause the FE line to
A) shift to the right. B) shift to the left. C) remain unchanged. D) remain unchanged if Ricardian equivalence holds; otherwise, shift to the right.
Which of the following actions may be explained by the law of small numbers?
A) People buy lottery tickets. B) People buy air travel insurance. C) People purchase extended or long-term warranties or maintenance contracts for new automobiles and appliances. D) all of the above