Title: Econ Chapter 4 Flashcards | Quizlet
Headings: Econ Chapter 4
Econ Chapter 4
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Content: This political technique: often accompanies pork-barrel politics. Suppose American winemakers convince the Federal government to issue a directive to serve only domestically produced wine at government functions. This would be an example of: rent-seeking behavior. A special-interest issue is one whose passage yields: large economic gains to a small number of people and small economic losses to a large number of people. Public choice theorists point out that the political process: differs from the marketplace in that voters and congressional representatives often face limited and bundled choices. When congressional representatives vote on an appropriations bill, they must vote yea or nay, taking the bad with the good.