According to the median voter model, a candidate (in a two-person race) is more likely to label himself or herself a "middle-of-the-roader" than a conservative or liberal because
A) the terms "conservative" and "liberal" are offensive to many people in today's world.
B) the terms "conservative" and "liberal" are considered terms used of people who are in the "wings" or "extremes" of the political distribution, and a candidate can only win an election by being perceived as closer to the center of the political distribution than his or her opponent.
C) they receive better treatment by the press.
D) it is customary and it has become a tradition in American politics.
E) none of the above
B
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Branding:
A. can be a barrier to entry. B. guarantees high-quality products. C. promises the differences in products are completely perceived and not real. D. All of these statements are true.
Macroeconomists test their theories using controlled economy-wide experiments of various kinds
a. True b. False Indicate whether the statement is true or false
Public goods, like national defense, are usually funded through government because: a. no one cares about them, because they are public
b. it is prohibitively difficult to withhold national defense from someone unwilling to pay for it. c. they cost too much for private firms to produce them. d. they provide benefits only to individuals, and not firms.
Which of the following statements is valid when the market supply curve is vertical?
a. Market quantity supplied does not change when the price changes. b. Supply is perfectly elastic. c. An increase in market demand will increase the equilibrium quantity. d. An increase in market demand will not increase the equilibrium price.