jj
Study - Print - List Cards - Export - Play Memory - Add To Favorites| Title: | jj |
| Description: | 1. The incentive of producers to control costs and the incentive of consumers to economize on their purchases will be weakest when the good is produced a. privately, but paid for by taxpayers and provided to consumers free of charge. b. by government enterprises, and the cost of production is covered by taxes. c. privately, and consumers purchase it with their own money. d. by government enterprises, and consumers purchase it with their own money., 2. In 2002, the American Association of Retired Persons (AARP) spent $70 million on lobbying-related expenses in an attempt to get policies enacted that would benefit retirees. In economics, the term used to describe such activity is a. logrolling. b. rent seeking. c. influence peddling. d. redistribution searching., 3. Which of the following is implied by the economic concept of opportunity cost? a. If the National Football League (NFL) allowed college freshmen and sophomores to be drafted and play in the NFL, the most talented football players would drop out of school to play professional football. b. If the demand for computer programmers in the private sector was to rise, salaries for computer science professors would likely rise as well. c. The cost of taking time off work to have children is higher for women in high-paying managerial positions than for women in low-paying clerical jobs. d. All of the above are true., |
| Number of Cards: | 24 |
| Author: | study101 |
| Created: | 2007-04-25 |
| Tags: | jj |
| Private: | No |
| Favorite Count: | 0 |
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