In U.S. presidential elections, the winner of the popular vote
A) was always the election winner.
B) lost the election only one time in history.
C) lost the election about 10 percent of the time.
D) lost the election more times than he won the election.
C
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Suppose two economists disagree about who would be helped or hurt by certain legislation. These disagreements
a. are positive in nature b. are minor and rarely lead to different policies or conclusions c. are normative in nature d. occur as the result of a mistake made by an economist e. occur because economic models are more complex, and subject to error, than the real world
Labor taxes may distort labor markets greatly if
a. labor supply is highly inelastic. b. many workers choose to work 40 hours per week regardless of their earnings. c. the number of hours many part-time workers want to work is very sensitive to the wage rate. d. "underground" workers do not respond to changes in the wages of legal jobs because they prefer not to pay taxes.
Among economists today, the most widely accepted cause of the Great Depression is:
A. poor economic policymaking. B. globalization. C. wild stock market speculation on Wall Street. D. Adolf Hitler's election as Chancellor of Germany.
If large budget deficits push government debt as a share of the economy to higher and higher levels, this will eventually lead to
What will be an ideal response?