The special-interest theory of government predicts that governments have a strong incentive to pursue policies that are in the public interest.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Over the 1980s
A) there is no question that a large increase in U.S. foreign assets did occur. B) there is a question whether a large decrease in U.S. foreign assets did occur. C) there is no question that a large decrease in U.S. foreign assets did occur. D) there is no question that there was almost no change in U.S. foreign assets. E) there is no question that rising exports exceeded U.S. foreign debt.
Over the past two centuries, the average annual rates of return were about
a. 5 percent for stocks and about 1.5 percent for short-term government bonds. b. 6 percent for stocks and about 2.5 percent for short-term government bonds. c. 8 percent for stocks and about 3 percent for short-term government bonds. d. None of the above is correct.
Which of the following statements is correct?
A. Monetarists believe that the economy is inherently unstable. B. Monetarists believe that policy activism is one of the principal causes of economic instability. C. Although monetarists are basically non-interventionist, they are in favor of activist monetary policy. D. Monetarists argue that changes in M1 affect GDP only through changes in interest rates.
The government requires the steel industry to adopt new eco-friendly machines, which cannot be used in other industries. If the machines are very expensive and the capital market does not work efficiently, then
A) entrants are encouraged to enter the market and adopt the new machines. B) firms can easily leave the steel industry without loss. C) entrants are discouraged by the new requirements. D) None of the above.