Equilibrium in the market for special interest benefits is determined where _____
a. the marginal cost of lobbying politicians is equal to the marginal benefits received from government
b. the marginal political opposition is equal to the marginal political support
c. the marginal price of a vote for a program is equal to the marginal benefit of that additional vote
d. the marginal price of regulation is equal to the marginal benefit from that regulation
b
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The emerging market economies are
A) the nations with the highest standards of living. B) most of the nations of Western Europe. C) in transition from state-owned production to free markets. D) the largest grouping including the nations of China and India. E) the nations that are currently agricultural in nature.
Corrina just graduated from college, is unemployed, and looking for her first real job. This is an example of
A) frictional unemployment. B) structural unemployment. C) seasonal unemployment. D) cyclical unemployment.