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Assignment Attempts: 4 Keep the Highest: /4 5. Distribution of benefits and costs The Parliament, the legislature of the fictional country of Verben, is considering legislation that will generate benefit: million. For perspective, Verben's population is 60 million. Passing the legislation is inefficient , and if everyone in Verben shared equally in both its benefits and its cost against the legislation. If the costs of the legislation are concentrated among a few people instead of widespread among the population, the up to $25 million lobbying the Parliament against the legislation. (Note: Assume that the benefits are widespr them in the calculations of the few who experience the costs.) The less widely spread are the benefits of the legislation, the higher is the likelihood of lobbying for the legisla benefits. Suppose that, as before, the costs of the legislation are concentrated among a small group, the benefits are very wie responsive to lobbying. The likely amount spent on lobbying for the legislation is $25 million in which case th the legislation. for

Assignment Attempts: 4 Keep the Highest: /4 5. Distribution of benefits and costs The Parliament, the legislature of the fictional country of Verben, is considering legislation that will generate benefit: million. For perspective, Verben's population is 60 million. Passing the legislation is inefficient , and if everyone in Verben shared equally in both its benefits and its cost against the legislation. If the costs of the legislation are concentrated among a few people instead of widespread among the population, the up to $25 million lobbying the Parliament against the legislation. (Note: Assume that the benefits are widespr them in the calculations of the few who experience the costs.) The less widely spread are the benefits of the legislation, the higher is the likelihood of lobbying for the legisla benefits. Suppose that, as before, the costs of the legislation are concentrated among a small group, the benefits are very wie responsive to lobbying. The likely amount spent on lobbying for the legislation is $25 million in which case th the legislation. for

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter31: The Impacts Of Government Borrowing
Section: Chapter Questions
Problem 6SCQ: What are some steps the government can take to encourage research and development?
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Back to Assignment Attempts: ◇ Keep the Highest: /4 5. Distribution of benefits and costs The Parliament, the legislature of the fictional country of Verben, is considering legislation that will generate benefits of $25 million and costs of $29 million. For perspective, Verben's population is 60 million. Passing the legislation is inefficient and if everyone in Verben shared equally in both its benefits and its costs, the Parliament will vote against the legislation. If the costs of the legislation are concentrated among a few people instead of widespread among the population, those people will be willing to spend up to $25 million lobbying the Parliament against the legislation. (Note: Assume that the benefits are widespread; therefore, you can ignore them in the calculations of the few who experience the costs.) The less widely spread are the benefits of the legislation, the higher is the likelihood of lobbying for the legislation by those who will incur its benefits. Suppose that, as before, the costs of the legislation are concentrated among a small group, the benefits are very widespread, and the Parliament is responsive to lobbying. The likely amount spent on lobbying for the legislation is $25 million in which case the Parliament will likely vote the legislation. for
Transcribed Image Text:Back to Assignment Attempts: ◇ Keep the Highest: /4 5. Distribution of benefits and costs The Parliament, the legislature of the fictional country of Verben, is considering legislation that will generate benefits of $25 million and costs of $29 million. For perspective, Verben's population is 60 million. Passing the legislation is inefficient and if everyone in Verben shared equally in both its benefits and its costs, the Parliament will vote against the legislation. If the costs of the legislation are concentrated among a few people instead of widespread among the population, those people will be willing to spend up to $25 million lobbying the Parliament against the legislation. (Note: Assume that the benefits are widespread; therefore, you can ignore them in the calculations of the few who experience the costs.) The less widely spread are the benefits of the legislation, the higher is the likelihood of lobbying for the legislation by those who will incur its benefits. Suppose that, as before, the costs of the legislation are concentrated among a small group, the benefits are very widespread, and the Parliament is responsive to lobbying. The likely amount spent on lobbying for the legislation is $25 million in which case the Parliament will likely vote the legislation. for
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