Exhibit 16.2 -Refer to Exhibit 16.2.In Box 1,an Example of Traditional Public-Goods

question 161

Multiple Choice

Exhibit 16.2

-Refer to Exhibit 16.2.In Box 1,an example of traditional public-goods legislation is that for _____

• A)national defense.
• B)tort reform.
• C)farm subsidies.
• D)labor union issues.
• E)rent-seeking.

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Definitions:

Empirical Statements

Assertions about the world that are verifiable through observation or experience rather than theory or pure logic.

Contingent

Not necessary; could have been otherwise. What we believe (or a state of affairs) is contingent if we can imagine its being other than it is.

Royal Road

Historically, a phrase suggesting a direct and effortless path to a solution or goal; originates from the ancient Persian network of roads facilitating rapid communication.

Science

A systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.