In 2015, there were about _____ million union members in the United States.
A. 16.4
B. 11.6
C. 8.4
D. 22.0
Ans: A. 16.4
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In which of the following situations is representative democracy most likely to lead to the adoption of an inefficient government program?
a. The program provides substantial benefits to a small interest group, and the costs are widespread among voters. b. Both the benefits and costs of the program are widespread among voters. c. The program is financed by a user charge that makes the individuals who benefit from the program pay for its cost. d. The program provides widespread benefits to all voters and imposes a significant cost on a small interest group.
Since 1950, the volume of world trade and the volume of world real GDP
A) have both increased at roughly the same rate. B) have both decreased at roughly the same rate. C) have both increased, but the volume of world trade has increased more slowly than the volume of world real GDP. D) have both increased, but the volume of world trade has increased faster than the volume of world real GDP.
Which of the following is a consequence of rent controls established to keep housing affordable for the poor?
A. The quality of rental housing improves as landlords seek to attract the best tenants. B. Less rental housing is available than if the rent controls were not in place. C. Landlords are incentivized to produce and offer more rental units to maintain profits. D. All of these are consequences of rent controls.