Term limits on political offices have all of the following properties except:
A. prevent officials from holding office for longer than a certain amount of time.
B. discourage corruption by ensuring that one person isn't allowed to hold onto power for too long.
C. can encourage corruption in reality by placing an official in power with no incentive to answer to his constituency.
D. encourage people to run for multiple different political offices.
D. encourage people to run for multiple different political offices.
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Which of the following are examples of "mediums of exchange"?
A) pigs used to obtain chickens B) goods used to obtain other goods C) money used to buy goods D) all of the above
If aggregate demand increases, thereby leading to an increase in real GDP and inflation, there is
A) a leftward shift in the short-run Phillips curve. B) a movement downward along the short-run Phillips curve. C) a movement upward along the short-run Phillips curve. D) a rightward shift in the short-run Phillips curve. E) neither a movement along nor a shift in the short-run Phillips curve.
Welfare reform in the U.S. was designed to change an entitlement program into a program that __________.
a. requires work in exchange for assistance for a limited time b. encourages those with lessor abilities to remain out of the work force c. helps low income families retain a sense of community
In the figure above, the tariff ________ U.S. imports of shirts by ________ million shirts per year
A) decreases; 16 B) decreases; 8 C) increases; 8 D) increases; 4