A special interest issue is best described as:
a. one in which both sides utilize paid lobbyists to represent them
b. one which one party strongly supports and the other party strongly opposes.
c. one in which a large number will each suffer small costs and a small number will each receive large benefits.
d. one decided in a special session of the legislature.
c
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Refer to A Negative Externality Problem. Suppose there is no attempt to internalize the externality. Pigovian analysis indicates that the externality creates a deadweight loss equal to
Demand for a good is given by Q = 100 - P. The private marginal cost of production is MCP = 10 + Q. There is a $10 per unit negative production externality in this situation. a. MCS = 10 + Q b. MCS = Q c. MCS = 20 + Q d. MCS = 10 + 10Q
Refer to the Article Summary. What happens to the profit a car company makes on each car sold if it offers incentives such as discounts, cash rebates, or lease incentives to customers? How might a car company decide which of these strategies to use
What will be an ideal response?
Which of the following carries out surveys to measure international trade in services?
a. Census Bureau b. Department of Trade c. Bureau of Economic Analysis d. Department of the Treasury
Related to the Economics in Practice on page 707: Which of the following is not one of the MDG concerns?
A. stunting B. investment opportunities for the poor C. gender equality D. hunger