When congressional representatives vote on an appropriations bill, they must vote yea or nay, taking the bad with the good. This statement best reflects the:
A. paradox of voting.
B. regulatory capture effect.
C. benefits-received principle.
D. concept of limited and bundled choices.
Answer: D
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Banks are better at solving the stockholder-lender conflict than rating agencies when they
A) are allowed to hold a substantial ownership stake in the borrowing firm. B) steer clear of holding any ownership stake in the borrowing firm. C) operate in markets-oriented financial systems. D) issue individually-approved loans rather than lines of credit.
Which of the following officially ended the cooperation between the Treasury and the Fed that had taken place during World War 2?
A) Truman doctrine B) Federal Reserve Act of 1951 C) Dodd-Frank Act D) Treasury-Federal Reserve Accord
Economic growth will
A) shift the production possibilities curve inward. B) shift the production possibilities curve outward. C) shift along the production possibilities curve toward the X-axis. D) be a movement from inside the productions possibilities curve to the curve itself.
Necessities tend to have elastic demands, whereas luxuries tend to have inelastic demands
a. True b. False Indicate whether the statement is true or false