In 2012, the U.S. federal government legislation authorized:
A. 152 earmarks totaling $3.3 trillion.
B. 2,300 earmarks totaling $8.7 billion.
C. 10,160 earmarks totaling $19.6 billion.
D. 11,700 earmarks totaling $16.9 billion.
Answer: A
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Hurricane victims in the United States are likely to receive emergency relief aid and embark upon reconstruction more rapidly than similar victims in India because
A) U.S. victims typically need the resources more than the victims in India. B) the U.S. economy has a more clearly defined set of property rights compared to the Indian economy. C) people in the U.S. are typically more charitable than people in India. D) the global economy is too dependent on the U.S. to let it falter.
Refer to the above figure. What is the socially optimal point of production?
A) P1 and Q1. B) P4 and Q1. C) P1 and Q4. D) P3 and Q2.