A federal law is enacted that mainly benefits one political district, but the costs of this legislation will be spread over the entire country. Which of the following terms describes this situation?
a. Logrolling
b. Rational ignorance
c. Pork-barrel spending
d. Political correctness
c. Pork-barrel spending
Pork-barrel spending involves legislation that mainly benefits a single political district, but its costs are spread over the entire country.
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Which of the following statements is true of the U.S. economy in 2014, as per the records of the BLS?
A) Number of unemployed workers > number of adults out of the workforce > number of employed workers B) Number of employed workers > number of adults out of the workforce > number of unemployed workers C) Number of unemployed workers > number of employed workers > number of adults out of the labor force D) Number of employed workers > number of unemployed workers > number of adults out of the labor force
Assortative mating means that
A) poor women and rich men tend to marry. B) rich women and rich men tend to marry. C) rich women and poor men tend to marry. D) there are limited incentives to marry anyone.
A major benefit of a health savings account is that it
A) combats moral hazard. B) means more health care services will be demanded. C) eliminates rising health care costs. D) creates the incentive to see a doctor regularly.
If the demand for money increases, but the Fed keeps the money supply the same:
a. nominal interest rates will rise and aggregate demand will fall. b. nominal interest rates will rise and aggregate demand will rise. c. nominal interest rates will fall and aggregate demand will fall. d. nominal interest rates will fall and aggregate demand will rise.