Special interests are _____ on political issues where they may receive concentrated benefits
a. stable
b. cyclical
c. rationally ignorant
d. not rationally ignorant
d
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The table above shows three production methods to produce 100 automobiles per day. Which of the three methods is technologically efficient?
A) Method A only B) Method B only C) Method C only D) Method A, B and C are all technologically efficient.
The desired reserve ratio helps determine the amount of money banks can create
Indicate whether the statement is true or false
Business fixed investment
a. includes the building of single- and multi-family housing units. b. is the change in business inventories. c. is the smallest subcomponent of investment. d. consists of purchases of a newly produced plant and equipment.
When the benefits to society of using a product exceed benefits to the user,
a. the product should be strictly regulated b. the product should be taxed c. the product provides a positive externality d. the product is overproduced at the privately determined equilibrium e. in time the product will not be produced