The political technique called logrolling:
A. always increases economic efficiency.
B. always decreases economic efficiency.
C. involves trading votes to secure favorable outcomes that otherwise could be rejected.
D. is an example of the paradox of voting.
Answer: C
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The poverty rate is the percentage of the population whose family income falls below the poverty line
a. True b. False Indicate whether the statement is true or false
Why is deflation such a problem for consumption and investment?
A. It increases the rate of both. B. It causes firms and households to spend more. C. It slows both. D. It slows investment while simultaneously increases consumption.
The Fed took action in late 2008 to significantly decrease the federal funds rate. This action is best considered:
A. neither offensive nor defensive actions. B. both offensive and defensive actions. C. a defensive action. D. an offensive action.
If net investment in 2017 is $225 billion and gross investment in 2017 is $350 billion, depreciation in 2017 is
A. $125 billion. B. $175 billion. C. $225 billion. D. $575 billion.