What is the presumed purpose of all legislation

Assignment Help Microeconomics
Reference no: EM132150098

Question: 1. What is the presumed purpose of all legislation according to the economic theory of legislation?

2. How do the concepts of "concentrated" and "diffuse" interests determine whether a group represents its interests before legislators?

3. Why are producer groups more likely than consumer groups to be successful in the legislative marketplace?

Reference no: EM132150098

Questions Cloud

Interesting about the introduction to marketing course : What did you found more interesting about the introduction to marketing course?
Support the analyst claim using the p-value : A travel analyst claims that the mean room rates at a three-star hotel in Chicago is greater than $152. In a random sample of 36 three-star hotel rooms
What factors transform war in theory : What factors transform "war in theory" into what Clausewitz calls "war in reality?"
Complete market positioning map matrix : Complete a Market Positioning Map Matrix (MPM) for Disney World. You must comment on the MPM results.
What is the presumed purpose of all legislation : What is the presumed purpose of all legislation according to the economic theory of legislation? How do the concepts of "concentrated" and "diffuse" interests.
What is the price of coffee in columbia : Vietnam and Columbia both produce coffee. Vietnam's currency is called the Dong (VND) and Columbia's currency is called the peso (COP).
What will be robert forecast of pamc''s growth rate : The stock's expected rate of return is 11.40%. Based on the information just given, what will be Robert's forecast of PAMC's growth rate
Where do you draw the line in this privacy issue : Explain how historical thought and tradition affect civil liberties and rights as they pertain to the issue you chose.
Find the latest unemployment rate available for your state : By visiting the Bureau of Labor Statistics website, find the latest unemployment rate available for your state (New Jersey 4.2% in Mar 2017).

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd