Economic theory assumes citizens vote
A) in total ignorance of each issue.
B) in their own interest.
C) in the public interest.
D) by systematically discounting their long-run interests.
B
You might also like to view...
Most favored nation (MFN) status means that a country treats another country
A) better than its other trading partners. B) the same as its other trading partners. C) worse than its other trading partners. D) any way it chooses since it is the "most favored nation." E) None of the above.
Entities that buy up patents then try to extract large payments from companies that use similar technologies are known as ________
A) Solow pirates B) tertiary leeches C) Great Googly Mooglies D) patent trolls
What are the three sources of funding for the public sector? Can the government rely on all of these sources in the long run? Explain
What will be an ideal response?
When the consumer spends a small portion of his income on a good, demand will be
A) elastic. B) unit-elastic. C) inelastic. D) elastic, unit-elastic or inelastic depending upon supply.