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:

Inelastic Demand

A situation where the demand for a good or service does not significantly change in response to price changes.

Total Expenditures

The overall amount spent on goods and services.

Utility Function

A mathematical representation of how individual preferences are aggregated to represent satisfaction or utility from consuming goods and services.

Marginal Utility

The additional satisfaction or benefit received by consuming one more unit of a good or service.