Author Question: If Congress conducted public hearings to decide whether subsidies should be granted to the steel ... (Read 65 times)

Brittanyd9008 · **on:** Jun 29, 2018

If Congress conducted public hearings to decide whether subsidies should be granted to the steel industry, taxpayers would not be well represented at the hearings because

A) no hearing room would be large enough to hold all the taxpayers who would want to testify.
B) single taxpayers do not have a large enough stake in the issue to justify the cost of attending the hearings.
C) taxpayers would not gain or lose, no matter how the issue was decided.
D) they are apathetic.
E) they know only money buys votes.

Question 2

If a firm faces an average total cost of 100 and sells its product for 115, how much profit does it make when it sells 20 units of the product?

A) 200
B) 115
C) 300
D) 800