In laboratory experiments, the behavior of players in the ultimatum game suggests that people:
A. value fairness.
B. act in their own narrow self-interest.
C. have impulse control problems.
D. are deceitful.
Answer: A
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The problems of markets can be addressed by:
A. guaranteed price matching. B. increasing the number of sellers in the market. C. imposing price ceilings. D. money-back guarantees.
Using current services budgeting,
A. an increase in spending is spending greater than that needed to keep up with inflation. B. an increase in spending is spending greater than that needed to provide an unchanged level of services. C. an increase in spending is spending greater than last year's spending. D. all budgets revert to zero at the beginning of each fiscal year.
A major source of revenues for state and local governments is _____
a. income taxes b. payroll taxes c. intergovernmental revenues d. estate taxation
In the United States, the incidence of poverty has declined since the 1970s
a. True b. False Indicate whether the statement is true or false