Economics (McConnell) AP Edition, 19th Edition

Chapter 17: Asymmetric Information, Voting, and Public Choice

Web-based Questions

1
Earmarks—Efficient public goods or inefficient public pork? The advocacy organization Citi-zens Against Government Waste (CAGW) identifies earmarks in current legislation that it concludes reflect government waste. Go to www.cagw.org and search through the CAGW Web site to find five recent examples of alleged wasteful expenditures. What kinds of additional information would you need before you accepted the group's assertion that each of the five pro-jects is indeed wasteful? Explain how a Federally funded project might be wasteful from a national perspec-tive, yet still be highly beneficial for a specific city or state.
2
Workplace safety—OSHA's role Visit www.osha.gov and first select "Workers" (under Audiences). How does a worker file a complaint or report a hazard? Where is the nearest OSHA office to you? Go back to the OSHA home page and select News Releases. In a sentence or two each, summarize three re-cent news releases that relate to fines or other penalties imposed by OSHA on employers for viola-tions of -workers' safety and health rules. How might these workplace safety issues result from asymmetric information?
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