Public choice economists often explain low voter turnouts in terms of
A) dissatisfaction of many voters with the limited choice of candidates.
B) lack of civic responsibility of the electorate.
C) net costs of voting that many voters perceive.
D) rational ignorance of many voters of the actual date of the elections.
C
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Natasha is going to buy a risky asset that has an expected value of $62, which yields an expected utility of 146. Equivalently, she could get utility of 146 from a certainty equivalent of $43. What is Natasha's risk premium?
A) $19 B) $43 C) $103 D) $105
The above figure shows the payoff matrix for two firms, A and B, choosing to produce a basic computer or an advanced computer. The joint profits
A) will be maximized at a Nash equilibrium. B) will be maximized when both firms take different actions. C) will be maximized when both firms take the same actions. D) Both A and B.
The index that the U.S. government currently uses to determine whether a merger should be allowed is the
a. Herfindahl index b. Schumpeter index c. Dow Jones average index d. consumer price index e. four-firm concentration ratio
Output per capita would grow if:
a. the number of workers grow faster than the population. b. the population grows faster than the labor force. c. there was a greater level of disposable income. d. the number of illegal immigrant workers were reduced.