Which of these is a drawback of logrolling?
A. All other proposals get support only after yours gets support.
B. Your proposal will be supported only after all other proposals get supported.
C. Nobody wins in the long run.
D. Once you support someone's proposal, they can turn their back on yours.
Answer: D
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Changes in government spending and/or taxes as the result of legislation is called:
a. open market operations of the Federal Reserve. b. discretionary fiscal policy. c. balanced budget operations. d. discretionary monetary policy.
In command-and-control regulation, _____
a. a one-size-fits-all regulation achieves an efficient outcome that maximizes net social welfare b. policies are flexible in nature c. policies provide incentives to figure out ways to reduce externalities d. policies are intended to alleviate the social costs of externalities
Which of the following events could explain an increase in interest rates together with an increase in investment?
a. The government runs a larger deficit. b. The government institutes an investment tax credit. c. The government replaces the income tax with a consumption tax. d. None of the above is correct.
The most likely complementary good for cereal would be:
A. milk. B. a bagel. C. a sub sandwich. D. pizza.