As both the budget and regulatory powers of government grow, public choice analysis indicates that individuals and groups will find it in their interest to
a. increase their efforts devoted toward market production.
b. spend less time attempting to secure redistribution through government.
c. spend more time informing themselves about political issues, so they can cast a well-informed vote.
d. spend more time rent seeking.
D
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Liabilities of the commercial banking system include:
A. loans and deposits. B. reserves and deposits. C. reserves and loans. D. deposits.
The fraction of deposits that banks are required to keep is known as the
A) discount rate. B) required reserve ratio. C) deposit multiplier. D) money multiplier.
The potential for asymmetric information to bring about a general decline in product quality in an industry is known as the ________ problem
A) moral hazard B) liability C) capture D) lemons
Input choices in the present are often affected by past decisions
a. True b. False Indicate whether the statement is true or false