Rational ignorance suggests that voters will
A) be ignorant about all issues.
B) be ignorant about issues that are of no special interest to them.
C) pursue information on all issues before voting.
D) avoid voting if they have no information.
B
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In the current Post-Industrial economy, international trade in services (including banking and financial services)
A) dominates world trade. B) does not exist. C) is an increasingly important component of global trade. D) is relatively stagnant. E) far surpasses the predictions of economist Alan Blinder.
Which of the following names is given to the corporate bonds that carry the maximum risk?
a. Risky-time bonds b. Failure bonds c. Revelation bonds d. Blue-chip bonds e. Junk bonds
Which of the following situations will cause the demand for U.S. dollars to rise in the foreign exchange market?
a. The price level in the United States rises faster than the price level in the United Kingdom. b. The interest rate in the United Kingdom falls while the interest rate in the United States remains constant. c. The real GDP in the United States grows while the real GDP in the United Kingdom remains constant. d. The tax rate in the United States rises while the tax rate in the United Kingdom does not change.
Does an increase in the demand for Introductory Economics increase the cost to students of taking the course?
A) No, because tuition rates are not set to clear the market.
B) Not if the college refuses to hire additional people to teach the course.
C) Yes, if the course is consequently taught in a larger room, which costs more to heat.
D) Yes, insofar as students have to accept less satisfactory class schedules in order to take the course.