Suppose that the legislature of the democratic republic of Marina proposes a 10 percent national income tax to be used to fund universal health care, literacy, and access to the justice system for all citizens. Which of the following categories best fits this proposed legislation?
a. Traditional public goods legislation
b. Special-interest legislation
c. Competing-interest legislation
d. Populist legislation
a
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Refer to Table 9-14. The real average hourly earnings for 1965 in 2010 dollars equal
A) $3.87. B) $5.80. C) $12.10. D) $18.14.
An externality is an example of a market failure
Indicate whether the statement is true or false
Indentured servitude was first used to promote immigration in
a. Jamestown in 1618. b. Plymouth Colony in 1623. c. New York in 1630. d. Rhode Island Colony in 1652.
The "broken window fallacy"
a. explains why inflation is so high.
b. is a justification for the government to print more money.
c. is illustrated when a government program is justified not on its merits but on the number of jobs it will create.
d. has nothing to do with public policy.