Economic theory suggests politicians will be most likely to favor redistribution of income from
What will be an ideal response?
unorganized taxpayers to well-organized interest groups.
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Game theory is important for understanding which of the following market types?
a. perfectly competitive and oligopolistic markets b. perfectly competitive markets but not oligopolistic markets c. oligoplistic but not perfectly competitive markets d. neither oligopolistic nor perfectly competitive markets.
In the long run, immigration will shift the sending country's production possibilities frontier inward. This shift will cause:
a. a larger decline in the potential output of the capitalintensive good. b. a larger decline in the potential output of the labor intensive good. c. equal declines in the potential output of both the laborintensive and the capitalintensive good. d. a decline in the potential output of the labor intensive good and an increase in the potential output of the capitalintensive good.
Suppose there are ten people playing cards in a room. One of them wants to smoke a cigar, nine of them dislike the smell of cigar smoke. The smoker values the privilege of smoking at $5, and each of the other nine people of the room would be willing to pay fifty cents for clean air in the room. The rules governing use of the room state that smoking is not allowed unless everyone agrees to allow smoking. Is it socially optimal for the cigar smoker to smoke?
A. Yes, because the value to the cigar smoker of smoking is greater than 50 cents. B. No, because the majority of people in the room dislike the smell of cigar smoke. C. No, because the value to the cigar smoker of smoking is less than the total value to the other people in the room of clean air. D. Yes, because the value to the cigar smoker of smoking is greater than the total value to the other people in the room of clean air.
What muscle is located in the lower leg?
A. Gastrocnemius B. Gluteus maximus C. Trapezius D. Triceps