Inefficiencies associated with majority voting may get resolved through:
A. Using the median-voter model
B. Bureaucratic inefficiency
C. The paradox of voting
D. Political logrolling
D. Political logrolling
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Taking some types of spending "off budget" means
A) eliminating that spending. B) financing the spending by special one-time taxes. C) borrowing to finance it instead of using tax revenue. D) not counting that spending as part of the official budget.
A general equilibrium analysis of a price change in the corn chip market would include an investigation of the impacts in
A) the television market. B) the coffee market. C) the salsa market. D) All of the above.
When there is a recessionary gap, one is likely to see an increase in overtime work and more hours worked by part-time workers
a. True b. False Indicate whether the statement is true or false
The rate at which a consumer is willing to exchange one good for another while maintaining a constant level of satisfaction is called the
a. relative expenditure ratio. b. value of marginal product. c. marginal rate of substitution. d. relative price ratio.