Which of the following would be an avenue for resolving the inefficiencies associated with majority voting?
A. Political logrolling
B. Progressive taxation
C. Proportional taxation
D. The paradox of voting
A. Political logrolling
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If a number equal to the mean of a series of observations is added to the series, the new mean is:
A) smaller than the original mean. B) greater than the original mean. C) same as the original mean. D) either greater or smaller than the original mean depending on the number of observations in the series.
Transaction costs increase the economic value of an exchange
Indicate whether the statement is true or false
Under a floating exchange rate system with mobile international capital, it is always true that current account
a. deficit + capital account surplus = trade deficit. b. surplus ? capital account surplus = trade deficit. c. surplus + capital account deficit = 0. d. surplus ? capital account surplus = 0.
If a country raises its budget deficit, then in the market for foreign-currency exchange
a. supply shifts left. b. supply shifts right. c. demand shifts left. d. supply shifts right.