Special-interest programs are highly attractive to vote-seeking politicians because
What will be an ideal response?
members of special interest groups favoring these programs feel strongly about them while most other voters are rationally uninformed about them.
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If a company's total costs per day increase from $200 to $400 by adding another worker, but its additional benefits are $300, it is sensible to add that additional worker
Indicate whether the statement is true or false
As the Federal Trade Commission currently interprets the Herfindahl-Hirschman index (HHI), an industry is considered to be moderately concentrated if the HHI value is
A) between 100 and 1,500. B) between 1,500 and 2,500. C) between 1,000 and 3,500. D) between 3,000 and 6,000.
If individuals can credibly cooperate and split the gains, which payoff is the most likely? A: Not CheatA: CheatB: Not CheatA: 1, B: 50A: 1, B: 1B: CheatA: 2, B: 1A: 5, B: 5
A. 2, 1 B. 5, 5 C. 1, 11 D. 1, 1
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.