Many countries use a proportional-representation system, which means that:
A. everyone's preference gets represented proportionately with everyone else's.
B. if a party gains a certain percentage of the popular vote, then they are awarded the same percentage of representative seats in the government.
C. smaller parties can carve out niches and still have political influence.
D. All of these are true.
Answer: D
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Total bank reserves are an example of a Federal Reserve
A) tool. B) intermediate target. C) operating target. D) objective.
The present value of a promise to pay $5,000 every year forever when the prevailing interest rate is 10 percent equals
a. $5,000 b. $50,000 c. $100,000 d. $250,000 e. $500,000
When a market is monopolistically competitive, the typical firm in the market can earn
a. losses in the short run and profits in the long run. b. profits in the short run and the long run. c. losses in the short run and zero profit in the long run. d. zero profit in the short run and losses in the long run.
Which writer held the view that by showering so much money on the poor, the government robbed them of their incentive to work?
A. Barbara Ehrenreich B. Frances Fox Piven C. Charley Murray D. William Julius Wilson