The voting paradox is an example of the
A. free-rider problem.
B. Tiebout hypothesis.
C. the Coase theorem.
D. impossibility theorem.
Answer: D
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If a household has an income of $40 and buys only bus rides at $2 each and magazines at $4 each, what is the equation of the household's budget line?
What will be an ideal response?
Which of the following observations is true? a. An unlimited quantity of organs is available in the United States. b. All organs are required to be donated
c. The supply curve for organs is perfectly elastic. d. The demand curve for human organs is upward sloping.
Aggregate demand will increase if:
a) Consumption falls b) Investment falls c) Exports fall d) Imports fall
Rising economic indicators typically signal ________ in the economy.
A. expansion B. depression C. recession