An unintentional consequence of using mail-in ballots in a small community is:
A. increased pressure from government to vote.
B. decreased pressure from others to fulfill their civic duty.
C. increased costs associated with tallying the votes.
D. decreased costs associated with voting.
Answer: B
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The opportunity cost of a particular activity is the sum of the benefits that could have been received from all foregone activities
a. True b. False
In calculating the net exports component of GDP, exports
a. and imports are subtracted b. and imports are included c. and imports are equal d. are included and imports are not e. are included and imports are subtracted
Suppose that the economy has a structural deficit of $200 billion and is also running a budget deficit. It follows that:
A. there is a cyclical surplus. B. there is a cyclical deficit. C. there is no cyclical deficit or surplus. D. the cyclical deficit or surplus cannot be determined without more information.
Homogeneous products are distinguishable from each other.
Answer the following statement true (T) or false (F)