Which of the following is a prediction of the median voter model for a two person political race?
A) Candidates will try to present themselves as extremists.
B) Candidates who are behind in the polls will try to move closer to the position of their opponents.
C) Candidates will try to label their opponents as "too middle-of-the-road."
D) Candidates will try to be specific and clear about their own programs and the means of achieving them.
B
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Which of the following changes aggregate supply and shifts the AS curve? i. a change in the price of a major resource ii. increases in the amount of capital iii. a change in the money income of consumers
A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
From 1992, America's trade performance was marked by a(n)
a. reduced current account deficit. b. increased current account deficit. c. reduced capital account surplus. d. increase in the growth of exports.
A temporary tax cut will explicitly last for at least 10 years before it is repealed
a. True b. False Indicate whether the statement is true or false
The main objective of the members of a cartel is to
A) earn economic profits. B) produce efficiently. C) make the industry more competitive. D) obtain a patent.