Refer to the table below, which shows the ranked preferences of voters for three alternative projects, with "1" being the top preference. In a paired-choice vote between a stadium and a park:
A. A majority of the voters would favor the park, 2-to-1
B. A majority of the voters would favor the stadium, 2-to-1
C. A majority of the voters would favor the park, 3-to-0
D. A majority of the voters would favor the stadium, 3-to-0
A. A majority of the voters would favor the park, 2-to-1
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A firm with a fixed cost of $300 every month and variable cost of $200 every month decides to shut down. In such a situation it would lose:
A) $200 every month. B) $300 every month. C) $500 every month. D) $0 every month.
If the purchasing power of a dollar is less than the purchasing power of the euro, purchasing power parity would predict that
A) in the long run, interest rates will move to equalize the purchasing power of the dollar and the euro. B) in the short run, interest rates will move to equalize the purchasing power of the dollar and the euro. C) in the short run, exchange rates will move to equalize the purchasing power of the dollar and the euro. D) in the long run, exchange rates will move to equalize the purchasing power of the dollar and the euro.
Why do yield curves usually slope upward?
What will be an ideal response?
Macroeconomics is concerned with
A. government decision making concerning farm price supports. B. the effects on a corporation of a strike by the United Auto Workers. C. aggregates. D. individual consumers.