According to the median voter theorem, majority rule will produce an outcome that is inconsistent with transitive preferences
a. True
b. False
Indicate whether the statement is true or false
False
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What best describes immigration in the US?
a. South-eastern Europe was the largest source of immigrants in the late 19th century and Latin America was the largest source at the beginning of the 20th century. b. Asia was the largest source of immigrants in late 20th century and south-eastern Europe was the largest source in the first half of the 19th century. c. Britain was the largest source of immigrants through the 18th century and Germany and Ireland were the largest sources in the last quarter of the 19th century. d. Ireland and Germany were the largest sources of immigrants in the middle of the 19th century and Latin America and Asia were the largest sources at the end of the 20th century.
Which of the following would cause an increase in demand for golf balls?
a. a decrease in the price of golf balls b. an increase in the price of green fees c. an expectation by buyers that their incomes will increase in the very near future d. a change in consumer tastes away from golf and toward tennis
In an article regarding Bangladesh's economy, the author suggests that the government give tax breaks on investment dollars, research and development, and donations to educational institutions. Suppose the multiplier in Bangladesh is 2. As a result of enacting the proposed policies, which of the following describe possible outcomes in the short run?
I. A $20 billion increase in investment will increase aggregate expenditure by $40 billion II. the AE curve will shift upward III. there will be and unplanned increase in inventories a) I, II, & III b) I & II only c) I & III only d) II & III only
In a labor market characterized by bilateral monopoly, the wage rate will:
A. be logically indeterminate. B. be established at the level desired by the union. C. be established at the level desired by the employer. D. always be established at the competitive level.