The information contained in the table illustrates:
A. political logrolling.
B. the median-voter model.
C. the paradox of voting.
D. the principal-agent problem theorem.
C. the paradox of voting.
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The contributive standard (merit standard) for distributing income implies that
A) income should be distributed equally. B) income should be distributed according to need. C) income should be distributed according to the marginal productivity of workers. D) a transfer should be contributed to an individual above his or her contribution to net output.
In the above scenario, the profit of the company will
a. increase. b. decrease. c. remains the same. d. may increase or decrease.
What are the factors that can shift the supply of financial capital to a certain investment?
a. if people do not want to alter their existing levels of risk b. if the riskiness or return on one investment is the same as other investments c. if the riskiness or return on one investment changes relative to other investments d. if people do not want to alter their existing levels of consumption
If the minimum wage were abolished, the employment of unskilled and inexperienced workers would
A. rise. B. fall. C. stay the same.