Assume there are nine voters in a certain small town and let x = the preferred number of dollars spent per person per month on garbage collection. For Voters 1, 2, and 3, x = $10; for Voter 4, x = $15; for Voter 5, x = $18; and for Voters 6, 7, 8 and 9, x = $20 . Based on these preferences, which of these dollar amounts will win over any one of the others?
a. $10.
b. $15.
c. $18
d. $20.
c
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What will be an ideal response?
The income tax system serves as an automatic stabilizer over the course of the business cycle
Indicate whether the statement is true or false
Which of the following is true?
A) Much of the trade of the European Union (EU) countries is with EU countries. B) Industrialized countries tend to trade relatively little and largely with developing countries. C) Developing countries in Africa and South America tend to trade the most and largely with themselves. D) All of the above are true.
Trade allows each country to take advantage of lower ___________ costs in the other country.
a. replacement b. opportunity c. marginal d. retail