Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Textbook Question
Chapter 18, Problem 17CTQ
When Microsoft was founded, the company devoted very few resources to lobbying activities. After a high-profile antitrust case against it, however, the company began to lobby heavily. ‘Why does it make financial sense for companies to invest in lobbyists?
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Chapter 18 Solutions
Principles of Economics 2e
Ch. 18 - Based on the theory of rational ignorance, what...Ch. 18 - What is the cost of voting in an election?Ch. 18 - What is the main factor preventing a large...Ch. 18 - Why might legislators vote to impose a tariff an...Ch. 18 - True or false: Majority rule can fail to produce a...Ch. 18 - Anastasia, Emma, and Greta are deciding what to do...Ch. 18 - Suppose there is an election for Soft Drink...Ch. 18 - How does rational ignorance discourage voting?Ch. 18 - How can a small special interest group win in a...Ch. 18 - How can pork-barrel spending occur in a situation...
Ch. 18 - Why do legislators vote for spending projects in...Ch. 18 - Why does a voting cycle make it impossible to...Ch. 18 - How does a government agency raise revenue...Ch. 18 - What are some reasons people might find acquiring...Ch. 18 - What are some possible ways to encourage voter...Ch. 18 - Given that rational ignorance discourages some...Ch. 18 - When Microsoft was founded, the company devoted...Ch. 18 - Representatives of competing firms often comprise...Ch. 18 - Special interests do not oppose regulations in all...Ch. 18 - To ensure safety and efficacy, the Food and Drug...Ch. 18 - How is it possible to bear a cost without...Ch. 18 - Is pork-barrel spending always a bad thing? Can...Ch. 18 - The United States currently uses a voting system...Ch. 18 - What are some alternatives to a first past the...Ch. 18 - AT10 million dollar. Lobbying Congress to block...Ch. 18 - Occupy Wall Street was a national (and later...Ch. 18 - Say that the government is considering a ban on...
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- Why should regulatory regimes be ‘proportionate’ and ‘real-time’? What are the fundamental building blocks?arrow_forwardBriefly explain why the principle that the majority of voters should decide an election outcome may not always make logical sense.arrow_forwardwhy should regulatory regimes be proportionate and real timearrow_forward
- What type of control, if any, does the President have over the EPA (Environmental Protection Agency)?arrow_forwardA news story criticized corporate ethics codes, saying that they had no impact upon corporate behavior. Do you think ethics codes affect or do not affect the behavior of corporations and their employees? Justify your answer with concrete evidence or example.arrow_forwardHow is it possible to bear a cost without realizing it? What are some examples of policies that affect people in ways of which they may not even be aware?arrow_forward
- How is voters privately protected?arrow_forwardOne of the things that Theodore Roosevelt tried to do, both as a President, and later, as a presidential candidate, was to define the role of the federal government. A big piece of the puzzle was to determine the way that the federal government would relate to big business, particularly big business serving a public function. In Europe, many national governments chose to take ownership of some businesses, particularly railroads and public utilities. Roosevelt had a different take on the role of the federal government of the United States. What role did Roosevelt think was proper for the federal government, and why?arrow_forwardedmund works as a waiter on the weekends at a fancy resturant. he occasionally makes an enormous amount of money in tips. since these tips are paid in cash he often does not deposit them in his bank account. a lot of times he ends up spending this money without every keeping track of how much he has made. how should this be categorized? tax evasion, tax avoidance, neither do you think this strategy should be legal, why or why not?arrow_forward
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