The fact that interest groups exist on both sides of an issue mean that _____
a. no special interest group gets everything it wants
b. rational ignorance is nonexistent
c. a prisoner's dilemma exists
d. politicians are exposed to all viewpoints on an issue
a
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The efficient quantity of gasoline to sell in Motorland is
A) 1.7 million gallons per month. B) 1.8 million gallons per month. C) 1.6 million gallons per month. D) 1.9 million gallons per month.
The founders of the U.S. Constitution clearly understood how to write a document capable of producing the amount of wealth presently accumulated in the U.S
Indicate whether the statement is true or false
A method of forcing a company to internalize the total cost of production is
A) to impose a tax on the company to reduce production. B) to provide a subsidy to encourage production. C) for government not to interfere in the company's activities. D) to force the company to reduce the wages it pays to its employees.
Which of the following is a basic question answered by an economic system?
a. for whom goods and services are produced. b. how goods and services are produced. c. what goods and services are produced. d. all of these.