Political candidates tend to be very similar in a representative democracy because _____
a. most candidates are wealthy
b. the average voter demands conformity
c. of cyclical majorities
d. party platforms converge toward the median voter
d
You might also like to view...
Fluctuations in total output are the reverse image of fluctuations in
A) the inflation rate. B) the unemployment rate. C) gross domestic product. D) the GDP deflator.
A strategy game is
a. any pricing competition among firms b. a situation arising from independent decision making among economic participants c. interpendent choice behavior by individuals or groups who share a common goal d. none of the above
A price ceiling set below the equilibrium price is binding
a. True b. False Indicate whether the statement is true or false
One effect of a minimum wage in the market for low-skilled labor is
A) a shortage of low-skilled labor. B) a surplus of low-skilled labor. C) no effect in the market for low-skilled labor. D) an increase in demand for low-skilled labor.