A market economy answers the question "how" will goods be produced by focusing on
a. dollar votes

b. consumer sovereignty.
c. least-cost method of production.
d. who can afford these goods.


c

Economics

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The table below shows how the payoffs to two political candidates depend on whether the candidates run a positive or negative campaign. The payoffs are given in terms of the percentage change in the number of votes received. Suppose that the Republican candidate tells the Democratic candidate that he intends to run a positive campaign. The likely result is that:

A. the Republican candidate will run a positive campaign, and the Democratic candidate will run a negative campaign. B. both candidates will run a negative campaign. C. the Republican candidate will run a negative campaign, and the Democratic candidate will run a positive campaign. D. both candidates will run a positive campaign.

Economics

The Congressional Budget Office estimates that the additional taxes and fees enacted under the ACA will be enough to pay for the plan and reduce the federal government's budget deficit

Indicate whether the statement is true or false

Economics

Which of the following goods is NOT subject to the free-rider problem?

A) national defense B) the local police force C) public fireworks D) a public transit system

Economics

Stockholders share in the profits of a corporation

a. in proportion to their years of stock ownership b. in proportion to their ownership of stock c. equally regardless of number of shares owned d. only if they participate in firm management decisions e. only if they attend stockholders' meetings

Economics