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MACROWSNotes20.pdf - 77 Award 1.00 point(Last Word From...

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77. Award: 1.00 point 78. Award: 1.00 point (Last Word) From 2006-2010, the federal government paid $600 million in retirement benefits to deceased federal employees, with the checks being illegally cashed by relatives. This example illustrates the benefits-received principle. logrolling. bureaucratic inefficiency. the problem of limited and bundled choices. References Multiple Choice Difficulty: 02 Medium Learning Objective: 05-02 Discuss government failure and explain why it happens. (Last Word) In 2004, Congress passed a corporate tax relief bill with 276 provisions for tax breaks to groups such as restaurant owners, Hollywood producers, and NASCAR track owners. This is an example of the special-interest effect. benefits-received principle. paradox of voting. principal-agent problem. References Multiple Choice Difficulty: 02 Medium Learning Objective: 05-02 Discuss government failure and explain why it
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