Which of the following is an example of an unintended consequence?
a. government sponsored ad campaigns that lead to an increase in vaccinations
b. rent controls that lead to a decline in the quality of rental properties
c. higher property taxes that allow for better public schools
d. increased airport security measures that result in safer travel
b
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What concept implies that a firm's marginal revenue product curve for labor will slope downward in the short run?
a. diminishing marginal returns b. the law of supply c. the law of decreasing cost d. the price equalization principle
Rising health care spending is a problem confronting the federal government because
A. federal spending on health care has increased rapidly over the last thirty years. B. the medical expenses of federal employees has been rising at a rate much faster than for non-federal workers. C. it is the government's job to make sure everyone receives the health care they need. D. the federal-funded VA hospitals have been expanding faster than government revenues can provide for.