According to public choice theory, low voter turnouts may be the result of cost-benefit calculations on the part of voters
Indicate whether the statement is true or false
True
You might also like to view...
According to Figure 2.5, the United States civilian employment ratio in June 2013 was ________
A) 66.7% B) 43.8% C) 59% D) 64.0% E) none of the above
Refer to the above figures. A negative externality exists that has not been corrected. Price and quantity will be
A) P1 and Q1. B) P2 and Q2. C) P3 and Q3. D) P4 and Q4.
Which of the following is a true statement about the length of recessions and expansions in the United States economy?
A) After 1950, the length of expansions equaled the length of recessions. B) After 1950, the length of expansions were much less than the length of recessions. C) After 1950, the length of expansions were much longer than the length of recessions. D) After 1950, the length of expansions were brief and almost nonexistent.
The relationship between inflation and unemployment is given by ? = ?e - 4(u - 
).(a)Draw a diagram showing a long-run Phillips curve and two short-run Phillips curves that contain the following points: A: ? = .04, ?e = .04 B: ? = .08, ?e = .08 C: ? = .04, ?e = .08 D: ? = .08, ?e = .04Label points A, B, C, and D in your diagram.The unemployment rate at point A equals .05.(b)What are the values of the natural rate of unemployment and the unemployment rates at points B, C, and D?
What will be an ideal response?