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Special-interest programs are highly attractive to vote-seeking politicians because
1. These programs are highly efficient and therefore they tend to enhance the general welfare of the populace.
2. Members of special-interest groups favoring these programs are less likely to vote than the taxpayers who pay for them.
3. Low-income recipients are the primary beneficiaries of special-interest programs.
4. Members of special-interest groups favoring these programs feel strongly about them while most other voters will be uninformed on the issue
Decribe how the Bank of Canada can affect interest rates and money supply in Canada. Be specific about the tools that are available to the Bank for such purposes.
What were the labor-force participation rate and the unemployment rate for this group?
Over their lifetimes, studded tires cause considerable road damage. The best estimate of total road damage is C = .25Q2
The Pension Benefit Guaranty Corporation (PBGC) is a government agency that absorbs pension obligations when a company goes bankrupt or otherwise cannot fulfill its pension obligations to current or former employees. Where is the moral hazard in ..
Which of the following is not a country that has more people over the age of 65 than under the age of 15? A. Italy B. Japan C. Burundi
The Energizer Bunny that "keeps on going and going" has been a very successful ad campaign for batteries. Explain the relationship between this slogan and the firm's price elasticity of demand and total revenue.
Firm 1 and Firm 2 compete in an industry and must decide whether to introduce an upgrade to their existing products. The nature of the strategic interaction is described by the game box, where (Y) means "upgrade" and (N) means "do not upgrade". The u..
In a market economy, the price system facilitates allocation of resources. Discuss how a manager may contribute to the profit maximization goal of a firm by studying managerial economics.
We suggested above that an annually increasing renewal fee would be an efficient means of setting optimal patent life. Similarly, suppose that owners who wanted to restrict future use of their property had to pay a fee for each year that the restrict..
in a complex assembly operation it is found that the learning curve rate is 70. the standard time of 3 minutes per
How can you justify the existence of government-granted monopolies for public utilities such as natural gas distribution and electricity in the light of traditional economic argument that the more competition there is, the more likely it is that a..
If the market demand function is Qd = 4000 - 20P-what is the market short run equilibrium price and quantity?
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