What type of legislation is a special-interest legislation with narrow geographical benefits but funded by all taxpayers?
a. populist legislation
b. pork-barrel spending
c. competing- interest legislation
d. traditional public-goods legislation
b
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The general rule for benefit maximization suggests that in personal equilibrium:
A) the ratio of total benefits to price should be identical across all goods. B) the ratio of total benefits to income should be identical across all goods. C) the ratio of marginal benefits to price should be identical across all goods. D) the ratio of marginal benefits to income should be identical across all goods.
All decisions of the Fed are subject to approval by: a. the President of the United States. b. the U.S. Congress
c. the FDIC d. none of the above
Suppose that data for a particular economy over time suggest that its aggregate demand curve is both steep and shifts frequently. We might reasonably infer that ________
A) the central bank has an activist emphasis on the stability of economic activity B) wages and prices are remarkably flexible C) policy lags are quite long D) all of the above E) none of the above
Which of the following economic variables is exogenous in the Three-Sector-Model?
a. Government spending on goods and services. b. Real GDP. c. GDP price index. d. Quantity of the domestic currency per time period. e. None of the above.