Public choice theory would suggest that the lobbying of Congress by farm organizations for legislation that would increase the appropriations from the U.S. government for agricultural programs is an example of:
A. Revealed preference
B. Rent-seeking behavior
C. The paradox of voting
D. The median voter model
B. Rent-seeking behavior
Economics
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A duopoly is a form of oligopoly with two firms.
Answer the following statement true (T) or false (F)
Economics
Refer to the graph below. Which curve shows a direct relationship between price and quantity?
A. A
B. B
C. C
D. D
Economics
Why did the lowering of real interest rates during the Great Recession not boost investment spending?
What will be an ideal response?
Economics
The following graph depicts demand. 
The price elasticity of demand at point A is:
A. 2/5. B. 8/5. C. 5/8. D. 5/2.
Economics