Which of the following is true?
A) Voters have a strong incentive to cast a well-informed vote, but consumers have little incentive to make informed choices.
B) Both voters and consumers have a strong incentive to make informed choices.
C) Voters have little incentive to cast a well-informed vote, but consumers have a strong incentive to make informed choices.
D) Neither voters nor consumers have much incentive to make informed choices.
C) Voters have little incentive to cast a well-informed vote, but consumers have a strong incentive to make informed choices.
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Sam buys gasoline and coffee each week. In order to draw his budget line between gasoline and coffee, Sam would have to know
A) only how much income he has available to spend on gasoline and coffee. B) only the prices of one gallon of gasoline and one pound of coffee. C) only how much gasoline he wants to buy and how much coffee he wants to drink. D) both how much income he has to spend and the prices of one gallon of gasoline and one pound of coffee.
If an average cost pricing rule is imposed on the natural monopoly shown in the figure above, then the price will be
A) $2. B) $4. C) $5. D) $6.
In the 2000s, low savings rates are attributed to
A) rapid economic growth. B) stock market boom. C) declining interest rates and increased refinancing of the mortgages. D) inefficient monetary policy.
President Franklin D. Roosevelt's first action regarding the run on banks was to
(a) close all banks. (b) increase the money supply. (c) prohibit bank foreclosures. (d) provide federal guarantees to depositors.