It has often been remarked that Democratic candidates are more liberal in the Democratic primaries and Republican candidates are more conservative in the Republican primaries than either is in the general election. The explanation for this is most probably that
A) they are facing politically different opponents in the two elections.
B) the median voter preferences are more to the left (right) in the primaries than in the general election.
C) more people vote in the general election than in the primaries.
D) candidates are not as likely to locate the position of the median voter in the (earlier) primaries as they are in the (later) general election.
B
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If the Fed increases the interest rate in the U.S.:
A) the demand curve for dollars will shift to the left. B) the demand curve for dollars will shift to the right. C) the supply curve of dollars will shift to the right. D) the real exchange rate of the U.S. will depreciate.
Every economic choice has an opportunity cost
a. True b. False Indicate whether the statement is true or false
If the money rate of interest is 15 percent and the real rate of interest is 5 percent, the inflationary premium is
a. zero. b. 5 percent. c. 10 percent. d. 15 percent.
When the selling price of a good rises (goes up), what is the relationship to the quantity supplied?
a. The profit made on each item goes down. b. It becomes practical to produce more goods. c. The cost of production goes down. d. There is no relationship between the two.