Recall the Application about fire protection and the median-voter rule to answer following question(s).In the Application, an increase in the fire rating from 9 to 10 will result in:
A. a higher average fire insurance premium of the rural community.
B. a lower average fire insurance premium of the rural community.
C. no change in the average fire insurance premium of the rural community.
D. refunds to the fire insurance premium paid over the last 5 years.
Answer: A
You might also like to view...
The shifts of the short-run and long-run Phillips curves in the figure above are the result of
A) an increase in the expected inflation rate. B) an increase in the natural unemployment rate. C) a decrease in the natural unemployment rate. D) an increase in the actual inflation rate. E) a decrease in the expected inflation rate.
How did the international monetary system influence macroeconomic policy-making and performance during the post-World War II years during which exchange rates were fixed under the Bretton Woods agreement (1946-1973)?
What will be an ideal response?
Assume the price of good X is Px, price of good Y is Py, and B is the budget. The formula for the budget line for these two goods is:
a. PyQy / PxOx. b. PxB + PyB = B. c. PxX + PyY = B. d. (1 ? Py / B) Px.
An example of screening during the hiring process is:
A. checking references. B. an interview. C. just asking for the information. D. All of these are ways to screen candidates.