Retailers and other middlemen provide benefits to patrons
A) because people don't realize how much they could save by cutting out middlemen.
B) but the middlemen benefit far more.
C) by lowering the cost to their customers of acquiring valuable information.
D) only because their customers are irrational.
C
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The median voter theorem will be an accurate predicator of the outcomes of elections
A) when a majority of voters have preferences very similar to those of the median voter. B) only when voter turnout is very high. C) when a majority of voters have preferences different from those of the median voter. D) regardless of whether preferences among voters are similar or different from those of the median voter.
Public funding is not a part of colonial history
Indicate whether the statement is true or false
A right-to-work law is
A) a federal law making the closed shop illegal. B) a federal law making the union shop illegal. C) a state law making the union shop illegal. D) a state law making the open shop illegal.
Holding other things constant, diminishing marginal productivity happens to:
A. any input, the more the input is hired. B. labor, the more labor is hired, but not to land or capital. C. capital inputs, the more is hired, but not to labor or land. D. all inputs with the exception of land, the more those inputs are hired.