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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 10
Suppose a member of Congress votes against a bill to allocate $100 million in taxpayers' money to an irrigation canal that will provide about $10 million in benefits to a few hundred ranchers. Why might this action cause the legislator a net loss in both votes and campaign contributions?
Explanation
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Net loss occurs when expenditures are la...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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