The supply of oil for users in the United States
a. was never an issue of serious public concern until the 1970s.
b. has never been an issue of serious concern by political leaders.
c. has often been a topic for dire warnings and forecasts of oil depletion.
d. has been more and more in doubt since the early 1980s.
C
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The Ricardo-Barro effect of a government budget deficit refers to
A) a change in private savings supply. B) a large crowding out effect from a government budget deficit. C) a large crowding out effect from a government budget surplus. D) the international impact of government deficits.
You view tea and scones as perfect complements, and you prefer to consumer one cup of tea with one scone. Also, your indifference curves are plotted with tea on the vertical axis
If you presently have two cups of tea and one scone, what this the marginal rate of substitution (MRS) at this point? A) +1 B) -1 C) Zero D) Infinity
In a direct, majority-rule vote,
a. all voters get what they want b. a majority of voters get exactly what they want c. only the median voter is completely satisfied d. a minority of voters are dissatisfied e. only the median voter is dissatisfied
Which of the following would be the best example of a near public good?
a. a candy bar b. a painting by Monet c. a taxi cab d. a beautiful sunset e. a national park