If each voter pays taxes in proportion to her demand, then _____
a. the median voter's most preferred outcome will definitely occur
b. the condition for economic efficiency is satisfied
c. special interests will have no power
d. political institutions are optimal
b
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In recent times, there has been a decline in the sale of newspapers in the U.S. as people prefer to read the news on the internet. This has caused many newspaper journalists to lose their jobs. This is an example of: a. structural unemployment. b. frictional unemployment. c. cyclical unemployment
d. seasonal unemployment. e. underemployment.
What does the demand curve for British pounds tell us?
a. The quantity of pounds people will want to sell at each different exchange rate b. The quantity of pounds people will want to buy at each level of output c. The quantity of pounds people will want to buy at each different exchange rate d. The quantity of pounds people will want to sell in each different time period e. The quantity of pounds people will want to buy at each different interest rate.
The Case in Point on "baldness and heart disease" suggests that by preventing baldness:
A) men can reduce the likelihood they will develop colon cancer. B) men are unlikely to influence their chances of having heart problems. C) men are likely to reduce their chances of having heart problems. D) men can live longer.
An organization's values should reflect the expectations and common values of key stakeholders.
a. true b. false