When smaller political groups wish to have influence in a government with pluralistic voting, they will:
A. drop from races, and consolidate with larger parties.
B. stay in political races, in the hopes of swaying the vote away from the candidate the majority favors.
C. stay in political races, in the hopes of a miracle.
D. drop from races, and campaign instead to sway the vote away from the candidate the majority favors.
Answer: A
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The United States would gain from the elimination of tariffs and quotas even if other countries do not reduce their tariffs and quotas
Indicate whether the statement is true or false
Payments to households not in exchange for goods and services currently produced are:
a. transfer payments. b. government purchases. c. consumption expenditures. d. investment expenditures.
GDP includes:
a. the negative attributes from erosion and deforested landscape. b. all quality improvements resulting from higher quality goods replacing inferior goods. c. the cleaning-up expenses associated with pollution. d. the value of leisure time. e. the illegal activities related to the underground economy.
Rent control is an example of
A) a price floor. B) a price ceiling. C) the rationing function of prices not working. D) the government increasing the demand for certain products.