In the United States, a little more than half the electorate will turn out to vote in:
a. local elections.
b. state elections.
c. judicial elections.
d. presidential elections.
d. presidential elections.
In U.S. presidential elections over the last few decades, about 55% to 65% of voting-age citizens actually voted, according to the U.S. Census. In congressional elections when there is no presidential race, or in local elections, the turnout is typically lower, often less than half the eligible voters.
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A shipping company can buy either a new truck or a used truck. Each truck will generate $4,000 in net revenue per year. But the new truck has a useful life of three years, whereas the used truck has a useful life of only two years. If the interest rate is 5 percent (0.05) per year, what is the difference in value between the two trucks? (Assume that each year's revenue is received at the end of
the year.) a. $0 b. $4,000.00 c. $3,455.35 d. $1,185.19 e. $8,000.00
Holding other factors constant, technological progress ________ the real wage and ________ employment.
A. increases; increases B. decreases; increases C. increases; does not change D. increases; decreases
Which of the following has NOT been a criticism of the "convergence process" for joining the Eurozone?
A) Although challenging, the process fully transforms inflation-biased nations into fiscal and monetary conservatives. B) Policies forced on applicants to monetary union are politically costly, so the interim peg may not be fully credible and may generate exchange rate crises. C) The fiscal rules are seen as inflexible and arbitrary. D) Once a nation has met the criteria, its commitment to fiscal discipline may wane.
In the above table, average product is 30 tablets when
A. 3 workers are employed. B. 2 workers are employed. C. 4 workers are employed. D. 1 worker is employed.