Suppose $1 billion is available in the budget and Congress is considering allocating the funds to one of the following three alternatives:
a. subsidies for education
b. research on Alzheimer's
c. increased border security
If voters prefer a to b and b to c, then if preferences are transitive
A) they should prefer c to a.
B) they should prefer a to c.
C) they should be indifferent between a and c.
D) it is not always possible to rank voters' preferences between a and c.
B
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Refer to the information provided in Table 24.2 below to answer the question(s) that follow. Table 24.2
Refer to Table 24.2. At an output level of $1,500 billion, there is an unplanned inventory
A. increase of $100 billion. B. change of $0. C. increase of $150 billion. D. decrease of $200 billion.
The EPA’s second prospective study of the Clean Air Act Amendments (CAAA) of 1990,
a. expands the time frame of the first prospective study to the 1990 to 2020 period b. finds that the estimated costs of the CAAA outweigh the estimated benefits c. uses the same data and methods employed in the first study d. generates estimates that indicate negative net benefits linked to the CAAA
A free rider:
A. contributes little or nothing to a public good while benefiting from others' contributions. B. prevents a market failure. C. contributes little or nothing to a public good, but also does not benefit from others' contributions. D. creates both positive and negative externalities.
Which of the following was NOT a creation of the Bretton Woods conference?
A) World Bank B) IMF C) IBRD D) WTO E) None of the above.