Legislation that provides a price support for dairy farmers is an example of
a. public-interest legislation
b. competing-interest legislation
c. a positive-sum game
d. special-interest legislation
e. concentrated-costs legislation
D
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Suppose an excise tax of $0.75 is imposed on every pack of cigarettes sold and sellers are responsible for paying this tax. How would the imposition of the tax be illustrated in a graph?
A) The supply curve for cigarettes would shift to the left by more than $0.75. B) The supply curve for cigarettes would shift to the right by $0.75. C) The supply curve for cigarettes would shift to the left by $0.75. D) The supply curve for cigarettes would shift to the left by less than $0.75.
Thomas Robert Malthus believed
A) that food supplies would always be more than sufficient to feed the world's population. B) that the world's population would eventually outstrip food supplies. C) that population growth was good for the world. D) that population growth would eventually lead to an increase in the quality of life for everyone.