An increase in regulation will shift the aggregate:
a. demand curve leftward.
b. supply curve rightward.
c. supply curve leftward.
d. demand curve rightward.
c
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Public choice theory assumes each voter will tend to support the political candidate who offers
a. programs with the largest benefits to society. b. the highest potential for being a good leader in times of war. c. programs that create the most equal distribution of income. d. to provide the voter with the most personal benefits at the least personal cost.
Suppose a large tree on Jack's property blocks Amy's view of the ocean. Jack accepts Amy's offer of $2,000 to cut down the tree. This is an example of
A) internalizing externalities via voluntary agreements. B) a result of logrolling. C) a consequence of a positive externality. D) a consequence of private costs exceeding social costs.