Voting against ones preferences in the initial round of a runoff election in order to prevent the selection of an undesirable alternative in the final round is called
A) ballot manipulation.
B) strategic voting.
C) naive voting.
D) the voting paradox.
B
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The marginal social cost of a good or service is the cost borne by the producer
Indicate whether the statement is true or false
Productivity per worker has increased in the past primarily through
a. hiring more teenagers. b. hiring more women. c. medical benefits. d. technological development.
Refer to the four graphs below. Select the graph above that best shows the changes in demand and supply in the market specified in the following situation: In the market for music CDs sold in stores, if more consumers switch to music-downloads from the
Internet, and the cost of making music CDs decreases because of technological improvement in production.
A. Graph A
B. Graph B
C. Graph C
D. Graph D
If real GDP in a closed economy is $40 billion, consumption is $20 billion, and government purchases are $10 billion, what is investment?
A) $10 billion B) $30 billion C) $40 billion D) $70 billion