Chapter 18: Problem 11
Why do legislators vote for spending projects in districts that are not their own?
Chapter 18: Problem 11
Why do legislators vote for spending projects in districts that are not their own?
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Get started for freeSay that the government is considering a ban on smoking in restaurants in Tobaccoville. There are 1 million people living there, and each would benefit by \(\$ 200\) from this smoking ban. However, there are two large tobacco companies in Tobaccoville and the ban would cost them \(\$ 5\) million each. What are the proposed policy's total costs and benefits? Do you think it will pass?
To ensure safety and efficacy, the Food and Drug Administration regulates the medicines that pharmacies are allowed to sell in the United States. Sometimes this means a company must test a drug for years before it can reach the market. We can easily identify the winners in this system as those who are protected from unsafe drugs that might otherwise harm them. Who are the more anonymous losers who suffer from strict medical regulations?
What is the cost of voting in an election?
Given that rational ignorance discourages some people from becoming informed about elections, is it necessarily a good idea to encourage greater voter turnout? Why or why not?
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