Which term means legislative spending that benefits a single political district?
a. Budget trading
b. Vote cycling
c. Logrolling
d. Pork-barrel spending
d. Pork-barrel spending
Pork-barrel spending is legislative spending that benefits mainly a single political district. By supporting each other’s pork-barrel legislation, legislators pass laws that help one district in exchange for other laws that will help their own district.
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If firms and workers have rational expectations, including knowledge of the policy being used by the Federal Reserve, the short-run Phillips curve will be
A) vertical. B) flatter in the long run than it is in the short run. C) negatively sloped. D) positively sloped.
Providing information to internal users' decision making is the purpose of which of the following?
a. Management Reports b. Tax forms c. Financial statements d. Vendor list
In terms of location decisions, firms evaluate the infrastructure of the area in terms of access to transportation as well as the quality of life
Indicate whether the statement is true or false
Tombstones are produced in a monopolistic competitive market. One producer, Rolling Stones, sells 20 tombstones a week at a price of $500 each. Its average total cost is $600 . From this information, we can tell:
a. new tombstone firms will want to enter. b. this producer is losing $2,000 a week. c. this producer is making an economic profit of $400. d. this producer is setting MR = MC. e. this producer should increase production.