A special interest group has a good chance of redistributing (transferring) income from others to itself if the
A) costs of the transfer are spread over a very large number of people.
B) costs of the transfer are spread over a very small number of people.
C) costs of the transfer are spread over the same number of people that comprise the special interest group.
D) the number of members in the special interest group is greater than 100.
E) none of the above
A
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Since 1962, which of the following federal expenditures, measured as a percentage of GDP, has increased the most?
A) Social Security B) Medicare and Medicaid C) net interest D) defense
Assume the marginal propensity to consume (MPC) is 0.80 and the government cuts taxes by $100 billion. The aggregate demand curve will shift to the:
a. right by $80 billion. b. left by $200 billion. c. right by $400 billion. d. left by $400 billion. e. None of these.
The export supply curve is the portion of the domestic supply curve below the no-trade equilibrium price
a. True b. False Indicate whether the statement is true or false
Kathy eats five slices of pizza on a Saturday night but admits each slice of pizza doesn't taste as good as the previous one. This suggests that for Kathy the
A. marginal utility of a slice of pizza is positive but decreasing. B. total utility of slices of pizza is increasing by larger and larger increments. C. total utility of slices of pizza is declining. D. marginal utility of a slice of pizza is negative.