Politicians will usually
A) prefer to discuss means rather than ends.
B) prefer to discuss the issues in specific terms rather than in general terms.
C) not like to be perceived as either an extreme "right-winger" or an extreme "left-winger."
D) refer to their opponents as "middle-of-the-roaders."
C
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Some economists believe that monopolies are both inevitable and beneficial to society. They believe that monopolies are more efficient than competitive markets and generate lower prices. For these reasons they oppose _________ and advocate __________
a. antitrust laws; laissez-faire b. laissez-faire; antitrust laws c. nationalization; regulation d. regulation; nationalization e. antitrust laws; nationalization
Data shows that countries that invest more and channel more of those investments into productive projects will generally have
a. higher rates of current consumption. b. higher future incomes. c. lower rates of economic growth. d. lower real interest rates.
The assumption that a firm operates in a competitive labor market means that the firm
A. does not use capital in the production process. B. offers a real wage rate that is indexed for inflation. C. faces an upward-sloped marginal cost of labor curve. D. faces a downward-sloped marginal cost of labor curve. E. faces a constant wage regardless of how much labor it employs.
Competing-interest legislation is legislation that
a. imposes benefits on only a few individuals but imposes costs on many people b. imposes both benefits and costs on relatively few individuals c. imposes benefits on many individuals but imposes the costs on relatively few people d. imposes both benefits and costs on many individuals e. imposes costs only on those individuals who are rationally ignorant