Research has shown that the chances of one vote making a difference in an election is:
A. 0.10 %.
B. 99.999 %.
C. 0.01 %.
D. 0.001 %.
Answer: D
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Some economists argue that free trade is beneficial regardless of the actions of a country's trading partners, including trading partners that heavily protect their home markets
Indicate whether the statement is true or false
As of 2012, about how many banks were there in the United States?
A) 57 B) 2000 C) 6200 D) 14,000
When the theory of mercantilism was superseded by the theory of "classical liberalism" of Adam Smith around the time of the American Revolution,
(a) the colonies had shifted toward laissez faire, governmental noninvolvement in the private economy, but the new nation rejected the philosophy of laissez faire. (b) governmental involvement in the private economy persisted in both the colonies and the new nation; the U.S. Constitution adopted the common law from England which sanctioned certain types of governmental involvement. (c) governmental involvement had already been largely abandoned in the colonies and laissez faire was officially adopted by the new nation. (d) government involvement was strong down to the time of the Revolution; it was then abandoned and laissez faire was enshrined in the Constitution and became part of the law of the land.
If MPC = 0.8, how much government spending would be needed to close a recessionary gap of $500?
a. –100 b. +80 c. –80 d. +500 e. +100