Logrolling May Result in

question 205

Multiple Choice

Logrolling may result in

• A)legislation that yields economy-wide benefits, the funding for which is borne primarily by a few of the smallest states.
• B)a majority of Congress supporting legislation that benefits the economic interests of a few, while harming the economic interests of a much larger group.
• C)members of Congress selling their votes on proposed legislation to the highest bidder.
• D)creating limited incentives for policymakers to consider the immediate consequences of their proposed legislation.

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Definitions:

Earrings

Are jewelry or ornaments worn attached to the earlobes or through holes pierced in the ears, available in various designs and materials.

Utility Function

An economic model representing the preferences of an individual or entity over a set of goods or services, quantifying satisfaction or utility derived from consumption.

Compensating Variation

A measure of the change in income that would leave a consumer's utility unchanged before and after a change in price or economic environment.

Consumption

The act of using goods and services for personal needs or to generate utility.