In many elections the Republican and Democratic candidates share remarkably similar views-so similar that independent candidates (who rarely win the elections) often enter elections to represent opposing views. How can the similarity between the Republicans and Democrats be explained?
What will be an ideal response?
The median voter rule says that the choices made by the government will reflect the preferences of the median voter. This means that candidates who are trying to increase their share of the vote have an incentive to move their positions closer to that of their opponent to pick up more voters who have preferences "in the middle." This results in candidates with very similar positions in an election.
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A decrease in the tax rate will ________ the disposable income of households and ________ the size of the multiplier effect
A) decrease; decrease B) decrease; increase C) increase; decrease D) increase; increase E) increase; not change
A tariff differs from a quota in that a tariff is a. levied on imports, whereas a quota is imposed on exports
b. levied on exports, whereas a quota is imposed on imports. c. a tax levied on exports, whereas a quota is a limit on the number of units of a good that can be exported. d. a tax imposed on imports, whereas a quota is an absolute limit to the number of units of a good that can be imported.
Net Domestic Product is derived by subtracting indirect business taxes from Gross Domestic Product
Indicate whether the statement is true or false
Based on the graph showing U.S. health care expenditures as a percentage of GDP, during which period did health care expenditures rise the most?
a. 2002 to 2006
b. 2006 to 2009
c. 2009 to 2013
d. 2013 to 2016