People basically borrow in order to
A) go into debt.
B) have more funds.
C) have interest payments.
D) have current consumption rather than waiting to consume in the future.
D
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Hotelling's model has been used to describe differentiation in the political "market." Suppose that 100 voters are evenly distributed between the extreme left and the extreme right on the political spectrum, and that all voters vote, and they always vote for the candidate closest to them on this spectrum. The numbers on this spectrum represent the number of voters lying to the left of the number. So, at the midpoint, fifty voters lie to the left and fifty to the right. At the extreme right end, all 100 voters lie to the left. 
Suppose Candidate X is running against Candidate Y. If Candidate Z enters the race:
A. all of the voters who were going to vote for Y will now vote for Z. B. most of the voters who were going to vote for Y will now vote for Z. C. approximately half of the voters who were going to vote for X will now vote for Z. D. X will win because Y and Z will be competing for the same voters.
Governments can do which of the following to increase productivity?
A. use tax revenues to invest in physical capital. B. will defund underlying infrastructure. C. creating new taxes for investing in physical capital. D. reduce spending on higher education.
As the dollar appreciates, which of the following is most likely to occur?
a. More Americans will travel abroad. b. American imports will fall. c. More foreigners will visit the United States. d. American firms will reduce their investments abroad.
If a supply curve is perfectly vertical, what is the value of the price elasticity of supply?