The total demand for a public good is found by
A) horizontally summing all individual demands.
B) vertically summing all individual demands.
C) finding the demand from the median voter.
D) dividing the marginal cost of the good by the number of voters.
B
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Which of the following government policies ensures market efficiency?
A) subsidy B) tax C) price regulations D) quantity regulations E) None of the above answers is correct.
If individuals save less because inflation lowers returns on savings, this should ________ real interest rates and ________ investment expenditures
A) raise; increase B) raise; reduce C) lower; increase D) lower; reduce
By 1825, which area in the New World had the greatest portion of slaves?
a. Spanish colonies b. The West Indies c. The United States d. Brazil
One of the primary aims of taxation is:
A. to increase government revenues. B. to reduce the equilibrium quantity. C. to alter the incentives of market participants. D. All of these are primary goals of taxation.