If Congress conducted public hearings to decide whether subsidies should be granted to the steel industry, taxpayers would not be well represented at the hearings because
A) no hearing room would be large enough to hold all the taxpayers who would want to testify.
B) single taxpayers do not have a large enough stake in the issue to justify the cost of attending the hearings.
C) taxpayers would not gain or lose, no matter how the issue was decided.
D) they are apathetic.
E) they know only money buys votes.
B
You might also like to view...
If the government increases the income tax rate, consumers have:
A. less to spend and will reduce their consumption. B. more to spend and will reduce their consumption. C. less to spend and will increase their consumption. D. more to spend and will increase their consumption.
The major factor distinguishing M1 from M2 is:
a. Legal tender status. b. Liquidity. c. Whether or not the financial asset is backed by gold, silver, or some other precious metal. d. Whether or not the financial asset can be turned into a precious metal quickly and without substantial loss of value. e. All of the above are important distinguishing factors.
Which of the following is a flow concept?
A. Wealth B. Gallons of water in a pool C. Body weight D. Expenditures
What does it mean to internalize an externality?
What will be an ideal response?