"Measures are too often decided, not according to the rules of justice and the rights of the minor party, but by the superior force of an interested and overbearing majority" was written by
a. Jefferson
b. Washington
c. Hamilton
d. Adams
e. Madison
E
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In some countries, medical care is provided free-of-charge to citizens and is paid for by the government. In those countries, medical care:
A. is rationed by some non-monetary method. B. does not exhibit diminishing marginal returns. C. is available at zero opportunity cost. D. is not a scarce resource.
When the Fisher Effect holds, a one-percentage-point increase in the long-run money growth rate, because it ________ expected inflation, causes ________ in the nominal interest rate in the long run
A) equally lowers, a one-percentage-point decrease B) does not change, a one-percentage point decrease C) does not change, no change D) equally raises, no change E) equally raises, a one-percentage-point increase
Suppose you are an attorney, and you are defending a client in a wrongful death suit
The deceased was a pilot for an aerial acrobatics team, and the opposing attorney has prepared an an estimate of the value of lost income that includes the mortality rate for all pilots. You should argue that the attorney's estimate of lost earnings is too ________ because the mortality rate for aerial acrobats is ________ than for other types of pilots. A) low, lower B) low, higher C) high, lower D) high, higher
If Country A exports a good to Country B, who is made worse off?
a. The producers in Country A and the consumers in Country B b. The consumers in Country A and the consumers in Country B c. The producers in Country A and the producers in Country B d. The consumers in Country A and the producers in Country B e. Only the consumers in Country A will be worse off from this trade agreement