Which of the following statements is the BEST example of pork-barrel spending?

6th Question set, BBA 2501, Principles of Microeconomics
VIII

Question 1
Which of the following statements is the BEST example of
pork-barrel spending?

Congress recently passed a bill calling for an increase in taxes
for all middle-income families.

The Baldwin County Municipal Government recently raised $120,000 in
tax revenue for use in the local high schools.

When congress recently passed the health-care reform bill, a
secondary attachment to the bill allowed Lagrange, Georgia to
appropriate $100,000 for the beautification of West Point Lake.

The Federal Government recently passed a bill providing each state
with $250,000 for discretionary use.

Question 2
If you engage in the production and sales of home-grown produce
with the intention to evade paying taxes on your sales, you are
participating in the ________.

tax fraud problem

free-rider problem

tragedy of the commons

underground economy

Question 3
Which of the following items is considered a public good?

Open ocean fish

Pizza pie

Cable television

Public schooling

Question 4
The optimal level of pollution occurs at which point?

The point where pollution is no longer a health concern

The point where all pollution has been eliminated

The point where marginal social benefit exceeds marginal social
cost

The point where marginal social benefit equals marginal social
cost

Question 5

Which of the following statements regarding exhaustible and
renewable resources is TRUE?

Oil is a renewable resource, but rivers are exhaustible.

Trees cut at sustainable rates are renewable resources, but trees
cut at unsustainable rates are exhaustible resources.

Even when managed properly, grasslands are not renewable
resources.

Forests are exhaustible resources, but fish are always renewable
resources.

Question 6
Which of the following is NOT a reason that incomes differ?

Household incomes differ depending on the number of household
members who are working.

Incomes differ based on education.

Incomes can differ based on level of experience.

Incomes can vary based on personal preferences.

Question 7
The elderly are supported by several constituencies. Which of
the following BEST describes the support derived for Social
insurance programs for the elderly?

The elderly, people under 65 with living elderly parents, concerned
citizens below the age of 65, vote-seeking political candidates,
and nursing home employees are all constituents of social insurance
programs.

The elderly, people under 65 with living elderly parents, concerned
citizens below the age of 65, malpractice lawyers, and nursing home
employees are all constituents of social insurance programs.

The elderly, people under 65 with living elderly parents, concerned
citizens below the age of 65, vote-seeking political candidates,
and pediatric nurses are all constituents of social insurance
programs.

The elderly, people under 65 with deceased parents, concerned
citizens below the age of 65, vote-seeking political candidates,
and nursing home employees are all constituents of social insurance
programs.

Question 8
Based on the 2005, 2006, and 2007 averaged data from the U.S.
Census Bureau, which of the following states had the lowest
percentage of its population living in poverty?

Maine

Maryland

Minnesota

New Hampshire

Question 9

Explain the differences between corporations’ and bureaus’
behavior and objectives.

Question 10
What is the Couse theorem, and how does it apply to the analysis
of externalities?

Question 11
Describe the determinants of varying levels of income. What
factors determine a person’s wages? In your opinion, do these
qualifications always hold true?


 

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