In deciding which programs the government should fund with tax revenues there is:
A. perfect consensus before a program is funded.
B. often widespread disagreement.
C. always a popular vote for new programs.
D. the ability of each individual to decide where his tax dollars are spent.
B. often widespread disagreement.
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Cartels display a pronounced tendency to disintegrate over time because
A) increased profits induce laziness and carelessness among cartel members. B) nobody benefits in the long run from their operation since they merely redistribute wealth. C) their operation is so blatantly contrary to the public interest. D) there are so many margins on which competition can occur.
Two arguments used to promote trade barriers are the infant-industry argument, and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws
What will be an ideal response?