The median voter model suggests that _____
a. extreme candidates are unlikely to change positions over time
b. extreme candidates have an easier time winning election because of the fervor of their supporters
c. extreme candidates will have a difficult time winning election
d. extreme candidates will be able to move a party's platform to better fit their positions
c
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Taxes collected by businesses and sent to the government are:
a. indirect business taxes. b. direct business taxes. c. corporate income taxes. d. personal income taxes.
If payroll taxes are increased, there will be a
A. Rightward shift of the labor supply curve. B. Leftward shift of the labor supply curve. C. Movement up the labor supply curve to the right. D. Movement down the labor supply curve to the left.
A rise in price will always result in an increase in the total amount that consumers spend on a product.
Answer the following statement true (T) or false (F)
Suppose France can produce 9,000 potatoes or 3,000 lemons per day, and that Italy can produce 3,000 potatoes or 3,000 lemons per day. Which of the following statements in this context is true?
a. France has an absolute advantage in producing lemons. b. Italy has a comparative advantage in producing potatoes. c. Italy would be willing to trade one lemon for anything greater than one potato. d. Both countries would be willing to trade at a rate of one lemon for one potato. e. France has a comparative advantage in producing lemons.