It is often said that if we could get more individuals to study the issues and vote we could have significant change through the ballot box
While true in a technical sense, which of the following statements best explains why this outcome is ¬not likely to occur? a. Individuals have double-peaked preferences and thus cyclical majorities will be prevalent. b. Individuals are rationally ignorant and free ride off of the politically informed. c. Individuals form special interest groups to suppress those attempting to effect change.
d. The electoral college stifles grassroots movements at all levels.
b
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Since housing generally represents a large part of most household budget, the elasticity of demand for housing is likely to be large.
Answer the following statement true (T) or false (F)
Exhibit 30-3 Costs of Eliminating:Firm A Firm B Firm C 1st ton of pollution$ 30 $ 50 $ 600 2nd ton of pollution$ 70 $ 90 $ 700 3rd ton of pollution$125 $150 $ 900 4th ton of pollution$200 $250 $1,300 Refer to Exhibit 30-3. What is the cost to Firm B of eliminating 2 tons of pollution?
A. $350 B. $250 C. $300 D. $140 E. $540
A higher interest rate will:
a. shift the consumption function upward b. shift the consumption function downward. c. make the consumption function steeper. d. make the consumption function flatter. e. cause an upward movement along the consumption function.
The structure of the Federal Reserve is ___________________.
a. semi-decentralized b. centralized c. simple d. localized