Public choice theory assumes that each voter will tend to favor the political candidate who offers:
a. programs with the largest social benefits
b. equality of government-provided benefits across all citizens.
c. programs that will yield the greatest personal benefits net of personal cost.
d. a plan requiring the least amount of tax dollars, regardless of the level of benefits provided.
c
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When Ford hires Ernst and Young Consulting to help Ford redesign its marketing, Ford's payment to Ernst and Young is classified as
A) an explicit cost. B) depreciation. C) an implicit cost. D) normal profit. E) economic profit.
As a percentage of GNI, which of the following countries provides the greatest amount of foreign aid?
(a) United Kingdom. (b) United States. (c) Italy. (d) Sweden.
When money serves as a store of value, it allows you to
A. transfer wealth into the future. B. be an effective negotiator. C. find good bargains. D. eliminate a double coincidence of wants.
Comparing the after-tax distribution of income to the before-tax distribution of income, it is true that the after-tax distribution of income is ________ the before-tax distribution of income.
A. less equally distributed than B. more equally distributed than C. exactly the same as D. more equitably distributed than