Suppose candidate A is conservative and candidate B is liberal and both are currently positioned away from the "middle ground" toward their respective ends of the political spectrum. We would expect that as the campaign draws closer to election day,
A) candidate A will move to the right (more conservative) and candidate B will move to the left (more liberal).
B) both candidates A and B will move to the other's position in an attempt to capture the other's supporters.
C) candidate A will move closer to the middle, and candidate B will stay where he or she is because he or she realizes that Americans are basically liberal.
D) candidate B will move closer to the middle, and candidate A will stay where he or she is because he or she realizes that Americans are basically conservative.
E) both candidates will move toward the middle.
E
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As long as an additional worker hired by a firm produces
A) more output than the real wage rate, the firm will hire that worker. B) more output than the real wage rate, the firm will not hire that worker. C) less output than the real wage rate, the firm will hire that worker. D) some output, the firm will hire that worker. E) more output than the nominal wage rate, the firm will hire that worker.
Franco's Frozen Ice produces Italian flavored ice that is sold in the freezer section of grocery stores. Currently, Franco's does not have a fixed advertising budget and advertises in grocery stores' weekly advertising flyers and on the radio. A unit of advertising in the weekly flyers costs $2,000 and a unit of advertising on the radio costs $5,000. At their current advertising levels, the
marginal benefit of advertising in the flyer is $2,500 and the marginal benefit of advertising on the radio is $5,000. Which of the following is true? A) To maximize profits, Franco's should increase the amount of advertising in flyers. B) To maximize profits, Franco's should decrease the amount of radio advertising. C) To maximize profits, Franco's should decrease the amount of advertising in flyers. D) Franco's is currently maximizing its profits from advertising.
The Dutch Disease had occurred in Netherlands because:
a. the Netherlands government had borrowed heavily from the World Bank to meet its Balance of Payment deficits. b. the price of the primary commodities declined in the international market. c. the demand for natural gas exports from Netherlands increased substantially. d. the currency of Netherlands depreciated in the international market. e. the price of the commodities manufactured by Netherlands declined in the international market.
In the provided graph, the equilibrium point in the market is where the S and D curves intersect. At equilibrium, consumer surplus would be represented by the area
What will be an ideal response?