Legislators in a democracy are more likely to support special interests than the broad interests of citizens generally because
A) incumbents have such powerful advantages in election campaigns.
B) money plays such a large role in political campaigns.
C) they cannot know what the public interest requires in the absence of market information.
D) they do not have to fear being voted out of office.
E) they pay attention to the people paying attention to them.
E
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What is a Giffen good?
What will be an ideal response?
A consumer's preferences for $1 bills and $20 bills can be represented by indifference curves that are
a. bowed out from the origin. b. bowed in toward the origin. c. straight lines. d. right angles.
Consider the following demand table and the graph.Demand TablePriceQuantity demanded per week$5.00100$4.00150$3.00200$2.00250
Which of the demand curves best reflects the demand table?
A. A B. B C. C D. D
If the U.S. dollar decreases in value relative to other currencies, how does this affect the aggregate demand curve?
A) This will move the economy up along a stationary aggregate demand curve. B) This will move the economy down along a stationary aggregate demand curve. C) This will shift the aggregate demand curve to the left. D) This will shift the aggregate demand curve to the right.