Restrictions that limit sugar imports, subsidies for the construction of sports stadiums, and federal spending on programs like the construction of an indoor rain forest in Iowa all provide examples of government programs
a. based on careful analysis of benefits relative to cost.
b. designed to redistribute income from the rich to the poor.
c. that reflect the political attractiveness of special-interest issues.
d. that promote the general welfare.
C
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If preferences are one-dimensional and preferences are single peaked, majority rule will result in selection of the project most favored by a. no one
b. the median voter. c. the average voter. d. everyone.
Which of the following would increase the incentive for inventors to seek out new inventions?
a. Receiving a larger share of social benefits from inventions b. Receiving all private benefits from inventions c. Sharing intellectual property rights for inventions d. Obtaining government funding to develop new inventions
Suppose the population (age 16 and over) of Cameroon is 250 million; 10 million are unemployed, and 125 million hold jobs. The employment/population ratio in Cameroon is
a. 8 percent. b. 50 percent. c. 54 percent. d. 92 percent.
Derrick owns and operates a bakery. Every Saturday he bakes a batch of fresh kolaches, and every Saturday he sells all the kolaches and has to turn some customers away. Which of the following statements is correct?
A. At the current price, quantity demanded exceeds quantity supplied. B. The current price is higher than the equilibrium price. C. If Derrick lowered the price of kolaches, the shortage would increase. D. both a and c E. all of the above