The self-interest model of government:
a. suggests that government officials are selfish.
b. explains why there are limits on government taxation and spending.
c. shows who some government projects take place even if the cost exceeds the benefits.
d. All of the above.
Ans: b. explains why there are limits on government taxation and spending.
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Unemployment that is caused by business recessions is called
A) frictional unemployment. B) cyclical unemployment. C) seasonal unemployment. D) structural unemployment.
An identity is a relationship expressed in such a way that it is true by definition
a. True b. False Indicate whether the statement is true or false
This table shows price and quantity produced for a single firm in a perfectly competitive market.PriceQuantity$1023$1024$1025$1026Given the information in the table shown, what is the market price?
A. $2 B. $20 C. $260 D. $10
The M2 money supply is defined as
A. M1 plus savings accounts. B. Currency held by the public plus transactions accounts. C. M1 plus balances in most savings accounts and money market mutual funds. D. Most balances held in savings accounts and money market mutual funds.