Similarities between a customers power to dictate the products available to them through purchases and the citizens power to dictate changes in the government through votes is best described by which of the following terms
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Similarities between a customers power to dictate the products available to them through purchases and the citizens power to dictate changes in the government through votes is best described by which of the following terms
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- What is meant by the concept "laboratories of democracy"? Why do you think state and local governments are excellent laboratories for applying comparative analysis when it comes to the study of state and local governments?The table below shows the total cost of producing different quantities of political magnets. What is the marginal cost of the second magnet? Multiple Choice : a) $7 b) $10 c) $21 d) $4Here is the excerpt: It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society—the farmers, mechanics, and laborers—who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government. There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection,…
- Under federalism, some powers such as taxation, lawmaking or education policy might be devolved to regional bodies, such as Lander in Germany. Group of answer choices True FalseTrue/False/Uncertain Suppose there is a reallocation from state R to state Q. The Scitovsky paradox of: “Q is socially desirable to R (there is a Pareto improvement of reallocation from R to Q) and simultaneously reallocation of Q to R is also a Pareto improvement” can be avoided (i.e. we can unambiguously state that Q is preferred to R) if the gainers of the movement from R to Q could compensate the losers and still remain better off and the losers cannot bribe the gainers to forego the reallocation from R to Q.The idea of having three branches of government that share power is most consistent with which sociological perspective? Shared Governance Theory Functionalism Conflict Symbolic Interactionism Rockefeller's Standard Oil Company was in a position to issue commands and dictate the price of oil to oil producers by virtue of its monopoly on oil refining. This serves as an example of domination by O power. O economic power. O authority. none of the above. How do contagion theory and emergent norm theory differ in their explanations of collective action? OIn contagion theory, people take their cues from those nearby. In emergent norm theory, everyone takes their cues from a few key individuals. In contagion theory, collective action is spontaneous, whereas in emergent norm theory, it is the product of deliberate planning. O Contagion theory is about the spread of antisocial behavior, while emergent norm theory is about the spread of prosocial behavior. Contagion theory is about unintentional…
- CAC and Incentives for Truth Telling Before passing regulations on Coke ovens in the steel industry, the EPA estimated that the costs of controlling hazardous air pollutant emissions would be about $4 billion; four years later, that estimate had fallen to between $250 and $400 million. Similarly, projections for benzene emission control were on the order of $350,000 per plant; in actuality, chemical companies found they were able to use substitutes, which “virtually eliminated control costs.”2 We showed in this appendix that industry has an incentive to overstate costs if faced with marketable permit regulation. Does the same incentive hold for CAC regulation, which was used in Applications 15.0 and 15A.0? 1. Assume (1) that the EPA’s initial cost estimates provided earlier were based on industry sources and (2) that the EPA sought to regulate these pollutants at the efficient level.3 Use a diagram to provide a possible explanation for why the cost estimates were so…Confucius is a "laissez-faire" thinker--this implies an absolute--that government must never regulate any element of business. 1)True 2)FalseWhen consumers buy a product, they are telling a producer that they like the product or service enough to spend money on it. This is called a consumer's _____. fair vote popular vote dollar vote voice vote
- General government is obtained by adding central government to provincial governments as well as local governments. This includes for instance the nine provoncial legislators. True or False?About 35,000 general aviation multiengine airplanes are licensed to operate in the United States. If an additional $1,000-per-year tax was levied on each plane to raise general revenue, economic thinking suggests the A) annual revenue from this tax would be less than $35,000,000.B) number of airplanes would increase dramatically.C) annual revenue from this tax would be more than $35,000,000.D) annual revenue from this tax would be $35,000,000.Suppose a big country with a good's demand described by P = 60 - 3Q and a good's supply described by P = 8 + Q implements a $9 export subsidy, which ultimately decreases the world price from $27 to $24. (a) Calculate the total surplus under each scenario: no trade, free trade, and protected trade. (b) Calculate the distortion loss of the export subsidy. (c) Suppose the increase in exports resulted in an increase in the current account, while primary budget deficit and private saving remained the same. What happened to the economy's investment?
