Mail-in ballots are designed to:
A. decrease the costs associated with voting.
B. increase utility derived from voting.
C. increase your ability to fulfill your civic duty.
D. increase the accuracy voting process.
Answer: A
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According to the Coase Theorem
a. efficiency can result only if producers hold the property rights b. an efficient outcome is possible as long as property rights are assigned c. efficiency is not possible in the presence of an environmental externality d. none of the above
Total federal government spending in 2007 was
a. less than $100 billion b. between $125 billion and $250 billion c. $750 billion d. over $2.8 trillion e. over $12.5 trillion
Due to Pigou’s “defective telescopic faculty,” a market economy is inefficient in allocating resources between the present and the future.
Answer the following statement true (T) or false (F)
Suppose that the Houston Rockets' management is considering a plan in which fans who donate blood can attend games for $35 instead of the usual $50. If both ticket revenues and blood donations rise with this plan, which of the following is true?
A. The demand for Houston Rockets' tickets is price inelastic. B. The demand for Houston Rockets' tickets is price elastic. C. The demand for blood donations is price elastic. D. The demand for blood donations is price inelastic.