Refer to Figure 13.1. If the voting method used to select a location for the recreation center is the plurality-rule method, the number of voters who will vote against the winning city is
A) 135.
B) 195.
C) 255.
D) 405.
D
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For the world, what period of time experienced the fastest growth rate of real GDP per person?
A) between 1000 A.D. and 1500 A.D. B) around 500 B.C. C) after about 1850 A.D. D) around 400 A.D. E) between 1500 A.D. and 1850 A.D.
If demand is price inelastic and the price is lowered, which of the following occurs?
A) The quantity sold decreases. B) The total expenditure increases and the total revenue decreases. C) The total revenue of the firms selling the product is unchanged. D) The total revenue of the firms selling the product decreases. E) The total expenditure decreases and the total revenue increases.
Suppose a bank has $10 million in deposits with no excess reserves, and the reserve requirement is 25%. If the Fed reduces the reserve requirement to 20%, the bank will now have excess reserves of
A) $0. B) $0.5 million. C) $1.5 million. D) $2 million.
Why do the owners of good-quality used cars stay away from the market for used cars?
What will be an ideal response?