In an election in which there is no policy which can defeat all other policies, the sequence of the votes determine?s the outcome, even under majority rule.
Answer the following statement true (T) or false (F)
True
Rationale: The agenda setter will sequence votes to arrive at his desired outcome. Only the sophisticated voter may be able to look down the voting tree to determine that the sequence is relevant to the outcome.
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It is easier for a monopolist to price discriminate between groups for a service than for a good because
A) it is easier to calculate average willingness to pay for services. B) it is easier to distinguish between groups of customers for services than customers for goods. C) it is easier for consumers to resell goods than resell services. D) customers for goods usually do not differ with respect to their average willingness to pay.
The money demand curve slopes: a. downward because the cost of holding money decreases as the interest rate decreases
b. downward because the cost of holding money increases as the interest rate decreases. c. upward because people demand more money as real GDP increases. d. upward because people demand more money as real GDP decreases. e. downward because people demand more money as the price level decreases.
If price exceeds average total cost in the short run, then in the long run the market demand curve will shift to the right
a. True b. False
When a country is a net borrower from abroad, they will have a(n) _____________ account deficit.
a. current b. trade c. cash d. overall