What Was Interesting About the Senate Floor on the Day

question 99

Multiple Choice

What was interesting about the Senate floor on the day known as "snowzilla"?

• A)Only men were on the Senate floor.
• B)Members of the House were forced to meet in the Senate.
• C)The Senate was closed for the first time in a decade.
• D)Only women were on the Senate floor.

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Definitions:

Coase Theorem

An economic theory proposing that if trade in an externality is possible and there are no transaction costs, parties can negotiate solutions to conflicts that lead to an efficient outcome regardless of the initial allocation of property rights.

Pollution Tax

A tax levied on the amount of pollution emitted by firms to incentivize reduction in environmental harm.

Tax Revenue

The income that is gained by governments through taxation, which is used to fund public services and goods.

External Costs

Costs that fall on third parties who are not directly involved in a transaction or economic activity.