In the Wintrobe model of dictatorship:
a. the dictator substitutes capital for repression
b. power is created by capital and labor
c. the dictator is a stationary bandit
d. the dictator combines loyalty and capital
e. the dictator produces power by combining repression and loyalty
E
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Which of the following statements is true?
A) Out of two loans, the interest accumulated after the end of a year will be more on the one that is a larger principal. B) Banks are the only financial institutions that lend money and do not accept deposits. C) Out of two loans, the interest accumulated after the end of a year will be more on the one that is a smaller principal. D) Banks are the only financial institutions that do not lend money but accept deposits.
The slope of the total variable cost curve gives the average cost of production
Indicate whether the statement is true or false
Unemployment insurance is:
A. offered by the government as a way to affect the level of seasonal unemployment. B. money that is paid by the government to people who are unemployed. C. offered by the government as a way to affect the level of cyclical unemployment. D. money that is paid to the government by employers who lay off employees.
If the money multiplier is approximated to be 4, then the reserve ratio must be:
A. 25 percent. B. 4 percent. C. 5 percent. D. 2.5 percent.