What is a likely explanation for why the budget of a government agency might increase beyond its optimal size?
A. The paradox of voting
B. The influence of the median voter
C. The power of special-interest groups
D. The allocative efficiency of government
C. The power of special-interest groups
Economics
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Which program provides assistance to the aged, blind and disabled?
A) Social Security Program B) Supplemental Security Income program C) TANF D) Earned Income Tax Credit
Economics
Consider a demand curve for reckless driving, for which the "price of reckless driving" is interpreted as the probability of having a fatal accident. When could safer cars lead to an increase in total number of driver fatalities?
a. Always. b. Never. c. When the demand curve is relatively flat. d. When the demand curve is relatively steep.
Economics