An economic analysis of the relationship between proposed legislation affecting major employers in each state and the voting patterns of senators and representatives in Congress on that legislation would fit within the subcategory of economics called:
A. the economics of fiscal policy.
B. public choice theory.
C. behavioral economics.
D. monetarism.
Answer: B
You might also like to view...
Indians and Indian-Americans have played a pivotal role in powering Silicon Valley's digital revolution. The emigration of talented people from countries like India to countries like the United States is often called:
A. credentialism. B. the brain drain. C. Malthusianism. D. outsourcing.
The price of video cassette recorders (VCRs) remains constant, but the market demand curve for VCRs shifts leftward as consumers shift to DVDs and other video technologies
What happens to the consumer surplus in this market as the demand curve shifts? A) Increases B) Decreases C) Remains the same D) We do not have enough information to answer this question.
Which of the following is true about games in which people have different information?
A. Participants in these games can sometimes learn important information from the behavior of others. B. Participants in these games never act in a way contrary to his immediate interests. C. Participants in these games always act in a way contrary to his immediate interests. D. These games always have a Nash equilibrium.
Suppose the pure rate of time preference is 1%, the growth rate of consumption per capita is 3%, and the elasticity of the marginal utility of consumption is 2. This suggests a value for the social rate of time preference of ...
a. 2% b. 4% c. 5% d. 7% e. 9%