Direct majority-rule voting is a form of coercion in the sense that
a. all citizens must vote
b. all registered voters must vote
c. the median voter's preferences determine the outcome for everyone
d. the majority gets exactly what they want, but the minority does not.
e. individuals with higher incomes get more votes
C
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Which of the following statements regarding the marginal product curve is FALSE?
A) Increasing marginal returns occur only when the total product increases as the number of workers increases. B) Increasing marginal returns is due to greater efficiency from specialization in the production process. C) The law of diminishing returns applies in the short run. D) Along the marginal product curve, increasing marginal returns occur first and then diminishing marginal returns.
The Equal Pay Act of 1963 says which of the following?
a. people working the same job at the same company must be paid the same amount b. people working the same job in the same industry must be paid the same amount c. people working in a company with the same education level must be paid the same amount d. people working in an industry with the same education level must be paid the same amount
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.
The change in total utility a person receives from consuming one additional unit of a good or service
What will be an ideal response?