Arguably the simplest voting system is:
A. instant runoff voting.
B. pair-wise majority voting.
C. first-past-the-post voting.
D. approval voting.
C. first-past-the-post voting.
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External costs and external benefits are collectively referred to as:
A. externalities. B. network externalities. C. social externalities. D. social welfare.
In an expansion, the cyclical rate of unemployment is often:
A. zero. B. negative. C. equal to the natural rate of unemployment. D. positive.
The economy is currently experiencing
A) inflation B) recession C) expansion D) stagflation E) rapid growth
In a certain economy, the components of planned spending are given by: C = 500 + 0.8(Y - T ) - 300rI P= 200 - 400rG = 200NX = 10T = 150 Given the information about the economy above, what would be the impact on autonomous expenditures of a one-percentage-point increase in the real interest rate (r )?
A. Autonomous expenditures would decrease by 35 units. B. Autonomous expenditures would decrease by 700 units. C. Autonomous expenditures would decrease by 7 units. D. Autonomous expenditures would increase by 35 units.