The small city of Pleasantville is considering building a public swimming pool that costs $1,000. Each resident's marginal benefit of the swimming pool is shown below. It takes a 4/5 majority to pass any tax measure, and all residents must vote.VoterMarginal BenefitKyle$420Dylan$360Fran$350Ronnie$190Sam$170 If Fran proposes that the city build the pool and finance it with a $200 tax on each resident, then ________ residents will vote in favor of the proposal and ________ will vote against, so the proposal will ________.
A. 4; 1; pass
B. 5; 1; pass
C. 3; 2; fail
D. 2; 3; fail
Answer: C
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In the Keynesian model deviations of output from potential are caused by:
A. fluctuations in aggregate spending. B. fluctuations in average labor productivity. C. changing asset prices. D. technological change.
What is an infant industry?
(A) An industry that has tariff protection. (B) An inefficient but necessary industry. (C) An industry making products for infants and children. (D) A young or developing industry.
Which of the following would likely cause the dollar to appreciate?
a) Rising interest rates in the United States. b) An increase in United States citizens' preference for foreign goods. c) Income growth of the United States exceeding that of other countries. d) Rising inflation in the United States.
The public debt is the sum of all of the previous
A. expenditures of the federal government. B. budget deficits of the federal government. C. budget deficits less the budget surpluses of the federal government. D. budget surpluses less the budget deficits of the federal government.