Which of the following increases the political power of special interest groups and makes counterproductive government action more likely?
a. logrolling and pork barrel legislation
b. the rational-ignorance effect
c. public goods
d. both a and b, but not c
D
Economics
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When the economy is at full employment,
A) 100 percent of the labor force is employed. B) there is no structural or cyclical unemployment. C) there is no cyclical unemployment. D) there is only frictional unemployment. E) the natural unemployment rate equals zero.
Economics
Mike went to a shop to buy a pair of gloves. Who will have a higher bargaining power if the seller knows that Mike needs the gloves urgently?
What will be an ideal response?
Economics