Why might voters tend to be relatively uninformed about political issues?
Individuals act in their own self-interest. Voters will gather information as long as the costs of gathering that information do not exceed the benefits to them. Voters may be relatively uninformed about political issues because of high costs and low personal benefits of being politically informed.
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The interest rate effect on aggregate demand indicates that a(n) ________.
A. decrease in the price level will decrease the demand for money, decrease interest rates, and increase consumption and investment spending B. increase in the supply of money will increase interest rates and decrease interest-sensitive consumption and investment spending C. increase in the price level will decrease the demand for money, reduce interest rates, and decrease consumption and investment spending D. decrease in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending
To buy season tickets at the new Levi's Stadium, 49ers fans have to buy a Personal Seat License (PSL) that then allows them to buy season tickets for the next 30 years. This is an example of
A) why the NFL shouldn't have anti-trust exemptions. B) two-part pricing, where the PSL is the lump-sum payment. C) pure bundling pricing. D) positively correlated pricing.
Suppose the current price of DVDs is $16, while its base-year price is $11.50 . The value of the price index for the current year is approximately:
a. 139 b. 39 c. 25 d. 160 e. 172
Refer to the accompanying figure. Moving from demand curve D2 to demand curve D1 could be caused by a(n):
A. increase in the product's expected future price. B. increase in the price of a substitute. C. increase in quantity supplied. D. increase in the price of a complement.