The political process can impede redistribution goals because _____
a. there are more stingy voters than generous voters
b. there are more middle class voters than poor voters
c. there are more dumb voters than smart voters
d. there are more middle class politicians than poor politicians
b
You might also like to view...
When the government taxes a good or service, it
A) increases consumer surplus for the good or service. B) increases producer surplus for the good or service. C) eliminates the deadweight loss associated with the good or service. D) affects the market equilibrium for that good or service.
All else equal and given the current system of exchange rates, if the United States enters a period of exceptionally strong growth,
A) the pressure on the dollar is to revalue. B) the pressure on the dollar is to devalue. C) the pressure on the dollar is to depreciate. D) the pressure on the dollar is to appreciate. E) Both A and D.
Refer to the graph shown. The short-run equilibrium output level for the monopolistically competitive firm represented is:
A. 900. B. 1,000. C. 500. D. 300.
The highest-valued alternative that must be given up to engage in an activity.
What will be an ideal response?