In economics, welfare analysis is useful to
A) gauge the validity of "mend it, don't end it."
B) determine who should receive income transfers.
C) determine who gains and who loses in a particular policy option.
D) prove which policy option is "best."
C
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Special interest groups (such as doctors, teachers, lawyers, health insurance companies, the automobile industry and others) can best be characterized by which of the following statements?
(a) They are constantly working the government to seek rents from policy decisions. (b) They are resistant to change in governmental policies that benefit them at the expense of others. (c) They help push through federal policies that result in technological backwardness, low productivity and less overall economic growth. (d) They can be characterized by all of the above.
Under fair-return pricing, a regulated natural monopoly will earn zero economic profit
a. True b. False Indicate whether the statement is true or false
Joe has just retired and would like to convert some of his savings into an annuity that will pay him an equal amount each year for the next 5 years. If the current interest rate is 5.75%, how much money will he have to invest in order to receive $30,000 a year?
What will be an ideal response?
The slope of a line that passes through the points (20, 30) and (40, 14) is
a. -5/4. b. -4/5. c. 4/5. d. 5/4.