First-past-the-post voting entails:
A. a series of votes with two options; the winner of the first vote is paired with another option until all options have been voted on in pairs and there is one winner.
B. voters ranking all available options and the option most approved of wins.
C. one vote with many options, and the option with the most votes wins.
D. one vote with many options, and the option that gets to 51% wins.
C. one vote with many options, and the option with the most votes wins.
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Which of the following situations is least likely to involve mutual interdependence?
A) Canada is thinking about banning all imported beef from the United States. B) Octavia is thinking about trading in her Toyota Prius for a BMW 220i. C) Walmart is considering moving up the start-time for its Black Friday sales to 12:01 AM on Thanksgiving day. D) McDonald's is thinking about lowering all its menu prices by 50 percent.
A(n) ________ variable is calculated from within the model. A(n) ________ variable can never be taken as given
A) endogenous; endogenous B) exogenous; endogenous C) endogenous; exogenous D) exogenous; exogenous E) none of the above
Opportunity costs exist for
a. households but not businesses or governments. b. businesses but not households or governments. c. businesses and households but not governments. d. households, businesses, and governments.
A headline reads: "Fed Cuts the Federal Funds Rate by Half a Point." This suggests that:
a. Monetary policy has eased b. Tax rates have been reduced c. The prime interest rate will rise d. The discount rate will rise