All of the following conditions must exist for the median-voter theorem to hold except that:
A. there is a single one-dimensional policy question.
B. candidates win by majority vote.
C. there are only two candidates.
D. the policy being voted on must be uncontroversial.
D. the policy being voted on must be uncontroversial.
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Economic growth can be portrayed as a(n)
A. movement from a point on to a point inside a production possibilities frontier. B. outward shift of the production possibilities frontier. C. movement from one point to another point on a fixed production possibilities frontier. D. inward shift of the production possibilities frontier.
The distribution process performed by the price system is not as efficient as the distribution process of central planners
a. True b. False Indicate whether the statement is true or false
A famous novelist holds the copyright to her literary works. She creates a monopoly by: a. limiting the number of books she writes
b. cutting down per unit production cost. c. restricting other authors from plagiarizing her work. d. restricting the demand for her books.
Which of the following would shift the FE line to the right?
A. An increase in the future marginal productivity of capital B. An adverse supply shock C. A decrease in labor supply D. An increase in the capital stock