Cost-benefit analysts often encounter the problem that those who would benefit from government provision of a public good tend to
a. overstate the benefit they would receive from the public good and those who would be harmed by government provision of a public good tend to overstate the costs they would incur from the public good.
b. overstate the benefit they would receive from the public good and those who would be harmed by government provision of a public good tend to understate the costs they would incur from the public good.
c. understate the benefit they would receive from the public good and those who would be harmed by government provision of a public good tend to overstate the costs they would incur from the public good.
d. understate the benefit they would receive from the public good and those who would be harmed by government provision of a public good tend to understate the costs they would incur from the public good.
a
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Integration strategies are sometimes collectively referred to as which of the following categories of strategies?
A) Horizontal integration B) Diversification C) Vertical integration D) Stuck-in-the-middle E) Hierarchical integration
Suppose Chip's Chips produces bags of potato chips. An example of a fixed cost for this company would be:
A. a potato peeling machine. B. the factory building. C. the deep fryer. D. All of these are examples of fixed costs.
If firms were teams, then there is a need for a
A) profit monitor. B) benevolent government. C) boss or supervisor. D) none of these choices.
Which of the following is included in the Pig Book?
a. New federal laws that serve only a local purpose b. Government programs that were recently expanded c. Legislators who regularly skip Senate hearings d. Judges who uphold questionable legislation