If a Citizen Decides He Has Had Enough of Big

question 4

Multiple Choice

If a citizen decides he has had enough of big government and launches a personal campaign to expose big spenders in Congress,

• A)he is likely to have his taxes reduced dramatically
• B)his taxes are not likely to fall very much
• C)he will be thrown in jail
• D)he is likely to get elected by other voters
• E)he will get the support of many special-interest groups

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Definitions:

Externalities

Side effects or consequences of an industrial or commercial activity that affect other parties without this being reflected in market prices.

Consumers

Individuals or groups that purchase goods or services for personal use and are the end-users in the supply chain.

Charitable Goods

Items donated to or produced by charitable organizations for the purpose of supporting their missions, often distributed to those in need or sold to raise funds.

Tax-exempt

Not subject to tax by federal or local authorities, often applicable to certain organizations, incomes, or properties.