One implication of the median-voter model is that at any point in time, most voters will:
A. Be happy with the amount of government involvement in the economy
B. Find government involvement in the economy to be too much
C. Find government involvement in the economy to be too little
D. Be unhappy with the amount of government involvement in the economy
D. Be unhappy with the amount of government involvement in the economy
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Overall, rapid economic growth between 1981 and 2012 has ______ the global poverty rate from __________________.
A. increased; below 20 percent to above 44 percent B. decreased; above 30 percent to below 15 percent C. decreased; above 44 percent to 12.7 percent D. increased; below 12.7 percent to above 25 percent
In some respects, the U.S. has fallen behind other nations
a. True b. False Indicate whether the statement is true or false
Suppose that you have wheat in storage and that the price of wheat is currently $5.00 per bushel. You can sell your wheat immediately but you also have an opportunity to sell in six months. At that time, you believe the price of wheat will be $5.60 per bushel. Your cost of storage is $0.75 per bushel for six months. One dollar in six months is worth one dollar today (no discounting). What strategy is profit maximizing?
A. Hold onto your wheat and sell in six months. B. Sell your wheat today. C. Minimize your losses by exiting the wheat market. D. Expand production to sell more wheat.
If the nominal interest rate is high and rising, a possible cause is
A) increased lending activity. B) a rising inflation rate. C) a falling real interest rates. D) increased government borrowing.