Financial contributions to the campaigns of members of Congress, state legislators, and other elected officials by firms that seek special interest legislation that make the firms better off are
A) illegal.
B) the result of the voting paradox.
C) irrational because elected officials will almost always act in the interest of the voters who have to pay the cost of the legislation.
D) examples of rent seeking.
D
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The aggregate production function of an economy shifts upward when ________ produce a higher output
A) the same amount of capital and labor B) the same amount of capital and a higher amount of labor C) a higher amount of capital and labor D) the same amount of labor and a higher amount of capital
Which would be the most accurate statement?
A. Liberals all agree that if we could provide a job for every American who needs one, we could end nearly all poverty within a generation. B. Barbara Ehrenreich and Frances Fox Piven point out that an increasing number of jobs do not pay enough to subsist on. C. Lisabeth and Daniel Schorr believe that poor teenage girls allow themselves to get pregnant so that they could go on welfare. D. Charles Murray faults our economic system for not providing enough well-paying jobs, which, in turn, has led to widespread poverty.
Which of the following goods are likely to be considered complements?
A. Gasoline and diesel fuel B. Peanut butter and jelly C. Sprite and 7-Up D. Coke and Pepsi
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point E to Point B. This could be explained by
A. a change in society's preferences for hybrid cars versus motorcycles. B. an increase in economic growth. C. an increase in unemployment. D. a reduction in unemployment.