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G202 1
| Question | Answer |
|---|---|
| according to our class discussion of the ventria buioscience case, the political action of disallowing GM rice in california can best be described as what type of political issue | interest group issue |
| the special interest effect refers to the bias of govenrment in favor of policies that | support small groups at the expense of large groups |
| economic freedom as measured by an economic freedom index has been found to be | positively related to economic growth |
| consultant for company and based chicago, clients in la that demand regular on site visits.have significant amount of family in LA area and dinners charge as entertainment expense when working, what illustrated | misusing employer's property |
| according to ventria bioscience case, which of following considered to be part of potential stakeholder allies of ventria | world health organization |
| industry producing socially efficient output level, tax placed on industry result in inefficiency bc market will produce | too few units, giving up some units that have more consumer value than productive costs |
| according to napster case, which statement not correct | industry surveys of napster users conclusively showed that they signiciantly decreased their music spending |
| before napster was put on trial, company able to provide framework for music swappers bc | there was no enforcement within the internet of the copuyright laws that protect music producers |
| given what happens to the price buyers pay and price sellers ultimately receive after subsidy is granted to sellers, what happens to level of consumer and producer surplus after subsidy takes effect | both consumer surplus and producer surplus increase |
| the political action surrounding the location of federal nuclear waste dump sites in US can best be desribed as having | concentrated costs and widely dispersed benefits |
| current income of 40,000 considering crime that has payoff of 20,000 and fine of 20,000 if caught, based on criminal decision rule- prob of getting caught isted below is highest probability that would still give individual incentive to commit crime | 1/3 |
| for any particular special interest group, lobbying over specific poitical issue will likely be succesful when issue classified as | client issue |
| which of following is not one of beneifts of well defined and enforced private property rights | owners will devote less resources to developing new technology |
Created by:
sngibbons