Rational ignorance suggests that
a) it is easier to aim at the median voter because it is a less costly strategy for the politicians
b) low voter turnout is due to a lack of understanding of the importance of political platforms
c) all voters will pursue information about each issue before voting
d) all voters will be ignorant on issues that are not of special interest to them
Ans: d) all voters will be ignorant on issues that are not of special interest to them
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In the circular flow model, injections and leakages are associated with
a. saving and investment. b. consumption and investment. c. realized investment and desired investment. d. saving and taxes.
Along a short-run aggregate supply curve, which of the following is (are) held constant?
A) real GDP B) aggregate demand C) input prices. D) profits
Issuing stocks with little or nothing to back them up is described as "plowing back."
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 1.3 below to answer the question(s) that follow.
Figure 1.3Refer to Figure 1.3. The slope of the line between Points D and C is
A. -3. B. -0.33. C. 0.33. D. 3.