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How do the concepts of pork-barrel politics and logrolling relate to the items listed in the Last Word?

Subject
business-economics

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Suppose the equation for the demand curve for some product X is P = 8 – .6Q and the supply curve is P = 2 + .4Q. What are the equilibrium price and quantity? Now suppose an excise tax is imposed on

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What is the incidence of an excise tax when demand is highly inelastic? Highly elastic? What effect does the elasticity of supply have on the incidence of an excise tax? What is the efficiency loss of a tax, and how does it

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What is meant by a progressive tax? A regressive tax? A proportional tax? Comment on the progressivity or regressivity of each of the following taxes, indicating in each case where you think the tax incidence lies: (a) The Federal personal income

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Why are spillover costs and spillover benefits also called negative and positive externalities? Show graphically how a tax can correct for a negative externality and how a subsidy to producers can correct for a positive externality. How does a subsidy to consumers

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Multiple Choice Questions: 1. Women earn less on average than men. Which of the following can we conclude as a result? a. Women must be less productive. b. Men must be highly motivated and productive. c. Women must be the victim of

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Multiple Choice Questions: 1. Which of the following is true? a. There is substantial income inequality in the United States, and there has been little change in the of measured income in the past few decades. b. There is substantial

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Multiple Choice Questions: 1. The proportion of income received by the richest 5 percent of Americans has a. Edged upward since the 1980s. b. Held steady since the 1980s. c. Decreased slightly since the 1980s. d. Decreased significantly since the 1980s. 2.

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True or False: 1. The Wagner Act protected the rights of workers to organize and bargain collectively. 2. Economic rent arises when a factor of production has a perfectly inelastic supply curve. 3. Because the supply of land is perfectly inelastic, the

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True or False: 1. An increase in the demand for a good will increase the demand for labor. 2. A decrease in the nonwage income of workers would shift the labor supply curve to the right. 3. The wage premium paid to