One implication of the median voter model is that a candidate is likely to label himself __________ and his or her opponent as __________
A) moderate; too far right or too far left (whichever makes more sense)
B) a member of one of the political wings; moderate or mainstream
C) as a member of the political right; moderate
D) as a member of the political left; moderate
E) none of the above
A
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The main difference between a repo and federal funds transaction is that
A) the repo transaction uses the securities for collateral while the federal funds transaction does not have collateral. B) the federal funds transaction uses securities for collateral while the repo transaction does not have collateral. C) the repo transaction has an agreed upon interest rate while the federal funds transaction has a spread between the sale and purchase price of securities. D) the federal funds transaction is normally overnight while the typical repo agreement is for 90 to 180 days.
It can be said that, ultimately, consumers are the driving force behind answers to the three basic economic questions faced by societies. Explain the consumer's role in providing these answers
The logical foundation of ________________, which show a connection between prices and quantity wanted, is that people seek utility.
a. demand curves b. budget constraint lines c. labor supply curve d. utility curves
?Kites /hourSnowboards /hourJesse81April123
Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. April's opportunity cost of painting one kite is painting:
A. 1/12 of a snowboard. B. 1/4 of a snowboard. C. 3 snowboards. D. 4 snowboards.