Pork-barrel legislation typically bundles the pet projects of several special interest groups. Such legislation
a. is frequently enacted, even though the overall benefits to society are less than the overall costs to society.
b. seldom benefits special interest groups.
c. usually, if successful, helps the majority of taxpayers.
d. seldom passes because social benefits are far smaller than social costs.
A
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Refer to the figure above. What is the equilibrium wage rate if the labor demand curve is LD2 and labor supply curve is LS2?
A) $20 B) $30 C) $15 D) $25
Of the following, who gains from a tariff?
A) the government of the importing country B) the government of the exporting country C) consumers in the importing country D) producers in the exporting country E) both the government of the exporting country and the government of the importing country
The health care system in the United Kingdom is referred to as ________, under which the government owns most of the hospitals and employs most of the doctors
A) an out-of-pocket system B) a single-payer health care system C) a universal health insurance system D) socialized medicine
Social inequalities disappear when income inequalities are eliminated
Indicate whether the statement is true or false