The median voter theorem states which of the following?
a. politicians try to match policies to the preferences of the median voter
b. politicians try to match policies to the preferences of the majority of voters
c. politicians’ policies match their own preferences regardless of the citizens who voted for them
d. politicians try to match policies to the preferences of the average voter
a. politicians try to match policies to the preferences of the median voter
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One advantage of forecasts based on a VAR rather than separately forecasting the variables involved is
A) that VAR forecasts are easier to calculate. B) you typically have knowledge of future values of at least one of the variables involved. C) it can help to make the forecasts mutually consistent. D) that VAR involves panel data.
If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly and Happy Cleaners has a higher cost of production than Sparkle? Cleaners, in? equilibrium, Happy Cleaners will produce? ________ than Sparkle Cleaners and earn an economic profit that is? ________ Sparkle Cleaners.
A) more; less than
B) less; less than
C) less; the same as
D) more; the same as
When a group of workers finds that their job skills and work experience have become obsolete and are not needed by industry, this type of unemployment is:
a. Search b. Structural c. Frictional d. Cyclical
The total number of people aged 16 years and over who are not institutionalized ________
A) equals the number of employed plus unemployed B) is the working-age population C) does not include students D) is the labor force