Which of the following is true of government activities under a system of representative democracy?
a. When voters pay in proportion to benefits received, all voters will gain if the government activity is productive.
b. If a majority opposes an activity, it must be counterproductive.
c. When voters must pay in proportion to benefits received for an activity undertaken by the government, the activity will most likely be rejected by the majority of voters.
d. Government activities must be productive in order to be eligible for vote.
A
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What direction of change in velocity could explain the price level increasing by a smaller percentage than the money supply? What would this change in velocity imply about the frequency with which money changes hands?
Which of the following both make the interest rate on a bond higher than otherwise?
a. the interest it pays is taxed and it was issued by a financially strong corporation b. the interest it pays is taxed and it was issued by a financially weak corporation c. the interest it pays is tax exempt and it was issued by a financially strong corporation d. the interest it pays is tax exempt and it was issued by a financially weak corporation
?A(n) _____________ occurs when an individual or a group of people buy a? company's publicly traded stock mainly by using borrowed funds.
A. merger B. hostile takeover C. joint venture D. leveraged buyout E. acquisition
Which of the following is TRUE of the Federal Reserve System?
a) It is controlled by the executive branch of the federal government. b) It is subject to oversight from Congress. c) It is not the central bank of the United States. d) It was established as part of the U.S. Constitution.