When the government increases taxes to provide traditional public goods, such as national security, ...

When the government increases taxes to provide traditional public goods, such as national security, there tends to be
 a. widespread benefits and costs
  b. widespread costs and concentrated benefits
  c. concentrated benefits and costs
  d. widespread benefits and concentrated costs
  e. widespread costs and either widespread or concentrated benefits

QUESTION 2

At the profit-maximizing output, price is greater than marginal cost
 a. for a monopolistically competitive firm only in the short run
  b. for a monopolistically competitive firm only in the long run
  c. for a monopolistically competitive firm in both the short run and the long run
  d. for a perfectly competitive firm only in the short run
  e. for a perfectly competitive firm only in the long run

QUESTION 3

Special-interest legislation that imposes costs broadly over many taxpayers can be enacted because
 a. taxpayers benefit from this type of legislation
  b. taxpayers remain rationally ignorant of the legislation
  c. only the wealthy pay these taxes
  d. these taxes are actually borne by a minority of taxpayers
  e. the Constitution requires special-interest legislation

QUESTION 4

In long-run equilibrium, a monopolistically competitive firm will produce
 a. at the minimum average cost
  b. at full capacity
  c. along the downward-sloping portion of its ATC curve
  d. along the upward-sloping portion of its ATC curve
  e. at the minimum of marginal cost

QUESTION 5

An example of competing-interest legislation is
 a. a quota that limits imports of steel to the United States
  b. a subsidy to cigarette producers
  c. tax breaks for auto manufacturers
  d. a new bridge in Arizona funded by general tax revenues
  e. public education subsidies