If the liberum veto is used in a policy-making setting, it means:

A. complete consensus is needed for legislation to pass.
B. it is easy to halt policies, because only one person needs to be bribed to stop them.
C. that government is an easy target for an area to become corrupt or taken advantage of.
D. All of these are true.


D. All of these are true.

Economics

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Zero economic profits for a perfectly competitive firm in the long run means

a. the firm must exit the industry. b. the firm is in equilibrium. c. the firm will shut down until the market improves. d. average revenue is insufficient to cover long-run average cost.

Economics

With time, which one of the following strategies will most likely result in an outward shift in an economy's production possibilities curve?

a. passage of legislation reducing the workweek to 30 hours b. institution of a tax policy encouraging research that advances technology c. institution of a tax policy encouraging consumption at the expense of investment d. passage of a law requiring the minimum wage to increase every year

Economics

During 2009-2010, the federal budget

What will be an ideal response?

Economics

The federal funds rate is

A. The required reserve ratio that the federal reserve requires banks to maintain B. The interest rate that banks charge for loans to its important commercial borrowers C. The interest rate that banks charge each other for overnight loans

Economics