________ is important because it effects how people participate in politics and how individuals and institutions interact
a. Individualistic political culture
b.Traditionalistic political culturee.Politics
c. Moralistic political culture
d. Political culture
Answer: d. Political culture
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A recessionary gap can be closed with
A) using a contractionary monetary policy. B) an increase in taxes. C) a decrease in government purchases. D) using an expansionary fiscal policy.
One reason the aggregate demand curve is downward sloping is because of the:
A. interest rate effect. B. welfare effect. C. price effect. D. tariff effect.
Explain why demand for a monopolistically competitive firm's product is more elastic than the demand curve that a monopolist faces
What will be an ideal response?
Which of the following is not an advantage of the corporate structure over proprietorship and partnership forms of business organization?
a. Stockholders in the corporation have limited liability, whereas proprietors or partners have unlimited liability. b. Ownership rights of a corporation may be transferred more easily. c. Large investment funds are more easily attracted by the corporation. d. Corporations are less likely to suffer from the principal-agent problem.