Research has shown that the chances of one vote making a difference in an election is:

A. 0.001 %.
B. 0.10 %.
C. 0.01 %.
D. 99.999 %.


A. 0.001 %.

Economics

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Which of the following are equilibrium conditions in the simple Keynesian model?

a. Ir = I b. G = T c. S + T = I + G d. Y = C + I + G e. A, c, and d

Economics

The laissez-faire approach popular before the Great Depression influenced the U.S. government to see business downturns as: a. natural phases in an otherwise healthy system and to therefore take short-term deficit spending measures to help recovery. b. natural phases in an otherwise healthy system and to therefore wait for recovery to occur naturally

c. serious maladies in an otherwise healthy system and to therefore work to redesign the system to avoid such failure in the future. d. failures of the type of system Adam Smith envisaged and to therefore work to move toward an open economy with free trade. e. failures of the system to achieve the form that Adam Smith envisaged and to therefore work to decrease government interference at the micro level.

Economics

When the dollar depreciates, the prices of imported inputs rise and the U.S. aggregate supply curve, therefore, shifts inward, pushing up the prices of American-made goods and services.

Answer the following statement true (T) or false (F)

Economics

Which of the following explains why the marginal cost curve has a U shape?

A) Initially, the average cost of production rises, then falls. B) Initially, the marginal product of labor falls, then rises. C) Initially, the marginal product of labor rises, then falls. D) Initially, the average product of labor rises, then falls.

Economics