Senator Blacklung Represents a State That Grows a Significant Amount

question 152

Multiple Choice

Senator Blacklung represents a state that grows a significant amount of tobacco. Not only do many of his constituents work for businesses in this industry, but the tobacco firms also make generous contributions to his reelection campaign. According to public choice theory, which of the following bills would Senator Blacklung be most likely to support?

• A) a bill proposing an increase in the tax on cigarettes to fund urban renewal programs across the nation
• B) a bill that would provide substantial subsidies for tobacco growers
• C) a bill proposing increased funding for a national antismoking awareness campaign financed by an increase in the tax on cigarettes
• D) a bill that would prohibit senators from accepting campaign contributions from firms who are involved in the production or sale of tobacco products

Recognize the core concepts of economics: opportunity cost, marginalism, and efficient markets.

Learn about the historical significance of the Industrial Revolution.

Grasp the role of economics in analyzing decision-making by individuals and societies.

Understand the concept of opportunity cost in different scenarios.

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Definitions:

Brocolli

A green vegetable with a large flowering head, often consumed for its nutritional value.

Marginal Product

The marginal product is the additional output resulting from a one-unit increase in the use of a variable input, holding all other inputs constant, in the production process.

Units of Output

The measure of total production or services produced by a company or sector.

Workers

Individuals engaged in any form of employment or labor, including both physical and intellectual efforts, contributing to the production process.