Public choice economists believe that problems in society ______.
a. are best eliminated by expanding government
b. could be diminished by government promotion of special interests
c. can be partially addressed by having less waste in government
d. are magnified if the government tries to help everyone equally
c. can be partially addressed by having less waste in government
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The claim that lower environmental standards in foreign countries reduce industrial competitiveness for high standard countries is on firm theoretical ground because
A) higher environmental standards requirements raise the cost of production to a firm or industry abiding by the rules. B) there will be a race-to-the-bottom competition on environmental standards. C) the interests of firms that are subject to the high standards coincide with the nation's interests, one-for-one. D) environmental standards in most countries have gotten more lax over time.
If the U.S. continually runs a bilateral trade deficit with Japan, then
a. Japan's trade policies must be unfair to the United States. b. the United States is worse off as the result of its trade with Japan. c. Japan is the low-cost supplier of goods that we import intensively. d. both a and b are true.