Legislation that involves widespread benefits but concentrated costs is called:
a. traditional public-goods legislation.
b. special-interest legislation.
c. competing-interest legislation.
d. populist legislation.
d
Economics
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The goods market equilibrium condition in an open economy shows that
A) NX = Sd - Id. B) Sd = NX - Id. C) Sd = Id - NX. D) Sd = Id.
Economics
Which of the following statements is not correct?
a. All states have state income taxes, but the percentages vary widely. b. Sales taxes and property taxes are important revenue sources for state and local governments. c. Medicare spending has increased because the percentage of the population that is elderly and the cost of healthcare have both increased. d. A budget deficit occurs when government spending exceeds government receipts.
Economics