hawaii holidays prices
Economic help fast 10 pts!!!!!!?
5. The market-clearing price for a 10-ounce bottle of olive oil is $5. Olive-oil manufacturers lobby the government to pass legislation that allegedly protects small farmers. This legislation establishes a price floor of $6 for a 10-ounce bottle of olive oil, and stipulates that the government will purchase all of the excess supply of olive oil. The action of the olive-oil manufacturers is called:
A. Transfer payment
B. Free riding
C. Public choice theory
D. Rent seeking
6. Which of the following scenarios demonstrates the concept of free riding?
A. A school fundraiser raffles off a free trip to Hawaii. Many people purchase raffle tickets, but there is only one winner.
B. A toll bridge in New Jersey requires that every car crossing the bridge pay a toll.
C. Everyone can listen to public radio (which runs on donations), whether they have given a donation or not.
D. The local church offers free meals during a national holiday.
5) A
6) C
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