If issues can be ranked along a one-dimensional continuum, a successful political candidate will be an individual who is best able to align her political platform to the positions of the median voter
a. True b. False
a
You might also like to view...
When tastes are quasilinear in leisure, the labor supply curve is vertical.
Answer the following statement true (T) or false (F)
If the demand for a good is increasing while the supply curve remains unchanged, then we will observe
A) more purchases at a higher price. B) more purchases at a lower price. C) fewer purchases at a higher price. D) fewer purchases at a lower price.
Ricardian equivalence suggests that government budget deficits generated by decreases in current taxes
A) increase the current account surplus. B) decrease the current account surplus. C) have no effect on the current account surplus. D) have unpredictable effects on the current account surplus.
A single price profit maximizing monopolist is inefficient because
A. it perfectly price discriminates when it can. B. it produces too much output. C. it produces where price equals marginal cost rather than where marginal cost equals marginal revenue. D. the sum of consumer and producer surplus is less than it could be.