Suppose a community is debating how much money to spend on improvements to the high school. The members of the community who have children advocate spending $20 million to make improvements. The remaining 60% of the community thinks the high school is just fine and does not want to spend anything. What will the outcome be?

$0 spent on improvements to the high school

Economics

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Which of the following is an example of a quasi-public good?

A) stock of knowledge in the public domain B) crime prevention C) cable television D) organic apples

Economics

If farm state legislators support the food-stamp program to aid the urban poor and urban state legislators in turn support farm subsidies, this is an example of:

A. the special-interest effect. B. political logrolling. C. the paradox of voting. D. cost-benefit analysis.

Economics