________ legislation generates concentrated benefits but imposes widespread costs, while ________ legislation generates concentrated benefits for one group, and imposes concentrated costs upon another group
a. Public interest; special interest
b. Special interest; median voter
c. Rationally ignorant; public interest
d. Special interest; competing-interest
d
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The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. What is the marginal social cost of producing the 200th dozen doughnuts each day?
A) $10.00 per dozen B) $8.00 per dozen C) $6.00 per dozen D) $4.00 per dozen
Refer to Table 9-19. Looking at the table above, what is the rate of growth of the average price level from 2015 to 2016?
A) 1% B) 2% C) 3.5% D) 4.76% E) 5.25%
The Ricardian model of comparative advantage lends support to the argument that
A) trade tends to worsen the conditions of unskilled labor in rich countries. B) trade tends to worsen the conditions of owners of capital in rich countries. C) trade tends to worsen the conditions of workers in poor countries. D) trade tends to worsen the conditions of workers in rich countries. E) trade is mutually beneficial to the countries that engage in it.
A goal of libertarians is to provide citizens with equal opportunities rather than to ensure equal outcomes
a. True b. False Indicate whether the statement is true or false