When the tax to fund a government project is allocated among voters in proportion to the benefits they receive from the project,
a. productive (efficient) projects will tend to be opposed by a majority of voters.
b. counterproductive (inefficient) projects will often be favored by a majority of voters.
c. projects that are productive (efficient) will tend to be favored by an overwhelming majority of voters.
d. democratic political decision making can be expected to work poorly.
C
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Reducing ________ unemployment may be beneficial for an economy, but reducing ________ unemployment to zero would definitely reduce the efficiency of the economy
A) structural and frictional; cyclical B) frictional and cyclical; structural C) the natural rate of; cyclical D) structural and cyclical; frictional
The presence of the automatic stabilizers means an increase in the budget deficit will be automatically experienced during an economic expansion whereas a budget surplus will be automatically experienced during a recession
a. True b. False Indicate whether the statement is true or false
Anheuser-Busch purchased the Labatt brewery in Canada and has expanded its market and product offerings. This is an example of:
A. foreign direct investment. B. foreign portfolio investment. C. importing. D. exporting.
Monopolistically competitive firms can earn large profits in the long run.
Answer the following statement true (T) or false (F)