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Economics
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29 Nov 2019

When a small number of people receive a large gain at the expense of a large number of people who experience a small cost, this is known as

Question 5 options:

A)

the special-interest effect
B)

pork-barrel politics
C)

fiscal policy
D)

rent-seeking behavior

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Related questions

When a small number of people receive a large gain at the expense of a large number of people who experience a small cost, this is known as

A. Rent-seeking behavior

B. Fiscal policy

C The special-interest effect

D. Pork-barrel politics

 

In which industry has deregulation in previous decades produced large economic benefits for the economy?

A. airlines

B. trucking

C. railroads

D. all of the above

 

 

C)

perfect, each one will produce every good or service available in the economy

In Schmidtz’s view, when is dependence on other people consistent with internalizing responsibility?

Question 17 options:

A. When the people who are receiving assistance make sure that their supporters are gaining some benefit from helping them

B. When the people who are providing the assistance are citizens of the same country as the individuals they are helping

C. When the people who are providing the assistance earned their money by exploiting people like those who need aid

D. When the people who are receiving assistance only need help because of problems that were not under their control

In Adam Smith’s story, the wealth-seeking activities of the poor man’s son end up being highly valuable from the standpoint of society. Why is this so?

Question 18 options:

A. In his pursuit of material wealth, the poor man’s son eventually gains political power and uses it to help people like his underprivileged family

B. In his pursuit of material wealth, the poor man’s son sets a cautionary example that enables other people to steer clear of making similar mistakes

C. In his pursuit of material wealth, the poor man’s son ends up becoming highly productive and contributing a great deal to the prosperity of society

D. In his pursuit of material wealth, the poor man’s son ultimately realizes that there is more to life than money and gives his earnings to the poor

Protectionist measures are enacted because they:

A. allow countries to preserve culturally important ways of life at very low cost.

B. typically benefit a large number of people at a cost to only a very small number.

C. typically benefit a small number of people greatly and impose small costs on a large number of people.

D. make everyone in an economy better off.

E. preserve a nation’s critical natural resources.


Restrictions on imports of foreign steel into the U.S. will:

A. help both U.S. steel producers and U.S. automobile producers.

B. help U.S. steel producers and hurt U.S. automobile producers.

C. hurt U.S. automobile producers, but help U.S. automobile consumers.

D. hurt foreign steel producers and help U.S. steel consumers.

E. help both U.S. steel producers and foreign steel producers.


Say that the exchange rate between the U.S. dollar and the Melnik bop is expressed in terms of bops per dollar. All of the following will cause this exchange rate to rise, ceteris paribus, except for:

A. an increase in Melnik residents’ demand for U.S.-made cigarettes.

B. a big increase in the number of American tourists visiting the beautiful archeological sites of Melnik.

C. a decrease in interest rates in the U.S.

D. an increase in U.S. demand for intricate carvings made exclusively by artists in Melnik.

E. an increase in interest rates in Melnik.


Which of the following transactions would be recorded as a credit in the U.S. current account?

A. A Mexican bank’s purchase of Microsoft stock (Microsoft is an American-owned firm)

B. An American tourist’s payment to a Mexican hotel

C. A Mexican consumer’s purchase of a computer produced in the U.S. by a U.S. firm

D. An American consumer’s purchase of a Mexican-made VCR

E. A German citizen’s receipt of a $50 dividend check on shares of stock she owns in a U.S. corporation

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