The figure above illustrates the marginal benefit and marginal cost of different quantities of national defense. What is the political equilibrium if voters are well informed?

If the opportunity cost of working outside the home increases then it is likely that ________ assuming all else equal

A) there will be a rightward shift in the labor supply curve. B) there will be a downward movement along the labor supply curve. C) there will be a leftward shift in the labor supply curve. D) there will be an upward movement along the labor supply curve.

Punitive damages are meant to

a. codified law b. criminal law c. common law d. case law e. all of the above