GDP will clearly increase if
A) the market value of illegal exchanges increases.
B) the money supply increases.
C) the market value of final goods and services increases.
D) taxes increase.
C
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One goal of political action committees is to
a. encourage people to become more active in politics b. engage in rent seeking c. help raise funds for government agencies d. evade taxes e. make it easier for legislators to accept the median voter model
The hypothesis that people believe the best indicator of the future is the recent past is known as:
a. rational expectations. b. adaptive expectations. c. lagged expectations. d. trend expectations.
An oligopolist has a marginal revenue curve that jumps down at 500 units of output. What kind of oligopoly does the firm most likely belong to?
A. Cournot B. Sweezy C. Bertrand D. Stackelberg
Compared to the situation existing when the Kyoto Protocols were created,
A. the U.S. is producing less greenhouse gasses (GHG) than it had promised. B. the U.S. Senate finally approved the treaty under pressure from President Bush. C. India produces twice as much greenhouse gasses (GHG). D. China actually produces less greenhouse gasses (GHG).