Suppose that the prime interest rate in the United States is 9%. One hundred dollars in benefits produced in the fifth year of a project would be worth ______ in present dollars.
A. 5 ? 100/9
B. 100(0.09)/5
C. (100/1.09)5
D. 100/(1.09)5
D. 100/(1.09)5
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In a _________ form of government, an elected city council hires a professional administrator to implement council policy and manage day-to-day city operations
a. commission b. mayor- manager c. mayor-council d. mayor-commission e. council- manager
The free-rider problem increases the difficulty of attracting which of the following?
A. Young people B. Paying members C. Media attention D. Votes in Congress E. Cooperation from other interest costs
Federalism allows citizens significantly more opportunities to __________.
a. invest in the stock market
b. become a civil engineer
c. find gainful employment
d. participate in politics
Answer the following statement(s) true (T) or false (F)
1. The minimum age for House members is 25 years and the minimum age for senators is 30 years. 2. The basic powers of Congress are outlined in Article I, Section 2. 3. To reduce transaction costs and encourage political cooperation, the Framers decided that the President and Congress should not be elected separately. 4. Gerrymandering is the process by which congressional districts are redistributed between the states based on changes in population. 5. Congress is not perfectly representative of the American people in terms of demographics.