Subsidizing Coal Mining and Orange Growing Have Both Been Found

question 114

Multiple Choice

Subsidizing coal mining and orange growing have both been found to be economically inefficient in that the costs outweigh the benefits. However, a subsidy on coal mining would help the coal producers in West Virginia and a subsidy on orange growing would help the orange farmers in Florida. So the senator from West Virginia approaches the senator from Florida and says that he will vote for the orange subsidy if the Florida senator votes for the coal-mining subsidy. The Florida senator agrees. Which term best describes what just happened?

• A) the shortsightedness effect
• B) logrolling
• C) the use of user charges
• D) the political voter theory

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Definitions:

Hypnotized

Being in a state induced by hypnotism where one exhibits increased responsiveness to suggestions and commands, often used for therapeutic reasons or entertainment.

Basic Traits

Fundamental personality characteristics that are believed to be inherent, stable, and defining features of individuals.

Dreams

Dreams are sequences of images, ideas, emotions, and sensations that occur involuntarily in the mind during certain stages of sleep.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, also known as the "I-knew-it-all-along" effect.