Logrolling refers to
A) choosing political platforms to appeal to special interests.
B) trading votes to gain support for legislation.
C) choosing political platforms to appeal to the "middle-of-the-road" voter.
D) gathering votes by pretending to support policies that appeal to voters.
E) c and d
B
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The natural right to life, liberty and pursuit of happiness is an idea of:
a. Hayek b. Schumpeter c. Marx d. Lange e. Locke
Which of the following is not included in either M1 or M2?
a. money market deposit accounts b. large time deposit c. demand deposits d. money market mutual funds
Which of the following is a correct statement about a Nash equilibrium in a two-player game?
A. A Nash equilibrium is always unique in real-world problems. B. The joint payoffs of the two players are highest compared to other strategy pairs. C. Given another player's strategy, no player can improve her welfare by unilaterally changing her strategy. D. All of the statements associated with this question are correct.
The substitution effect:
A. Is generally so weak that its effect cannot be predicted B. For an increase in the relative price of a good is sometimes positive, but sometimes negative C. Measures the change in the quantity demanded of a good from a change in its relative price D. Measures the change in the quantity of a good demanded brought about by a change in real income associated with a change in the price of the good