Public choice theory indicates someone who spends more time evaluating which tennis racket to buy than deciding which U.S. Senate candidate to support
a. is behaving irrationally.
b. is behaving rationally, given the structure of incentives confronted.
c. will likely be responsible for electing the wrong senator.
d. is failing to maximize his own personal utility.
B
You might also like to view...
If net exports is 100 and the private sector balance is 150, then the government sector balance is
A) -50. B) 50. C) 250. D) 0.
When Americans decrease their demand for Japanese goods,
A) the supply of dollars will rise, and the demand for yen will rise. B) the demand for dollars will rise, and the demand for yen will rise. C) the supply of dollars will fall, and the demand for yen will fall. D) the demand for dollars will fall, and the demand for yen will rise.
In the open-economy ISLM model, net export is specified as a function of and exchange arte is specified as a function of
A) output; output. B) money supply; interest rate. C) exchange rate; interest rate. D) exchange rate; money demand.
In the options market, the right to buy an underlying asset rests with
A) call buyers. B) put buyers. C) call sellers. D) put sellers.