Assume that Abby, Ben, Clara, Joe, and Matt are the only citizens in a community. A proposed public good has a total cost of $1000. All five citizens will share an equal portion of this cost in taxes. The benefit of the public good is $220 to Abby, $210 to Ben, $210 to Clara, $180 to Joe, and $120 to Matt. Who are likely to vote in favor of this proposal?
A. Abby, Ben, Clara, and Joe
B. Ben, Clara, Joe, and Matt
C. Ben, Clara, and Joe
D. Abby, Ben, and Clara
D. Abby, Ben, and Clara
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Which of the following statements is correct?
a. Low prices may not always be in the public interest. b. If prices on scarce resources are set "too low," consumers will receive the "wrong" signals and be encouraged to consume more, thus squandering resources. c. Raising prices on scarce resources is generally politically unpopular. d. All of the above are correct.
According to economist Robert Barro, if parents are concerned about the welfare of their children, then each adult generation will voluntarily reduce the burden of federal debt on future generations, and thus forego the stimulative effect of deficit spending in the present
Indicate whether the statement is true or false
The manufacturer of Beanie Baby dolls used quarterly price data for 2005 I - 2013 IV (t = 1, ..., 36) and the regression equationPt = a + bt + c1D1t + c2D2t + c3D3tto forecast doll prices in the year 2014. Pt is the quarterly price of dolls, and D1t, D2t, and D3t are dummy variables for quarters I, II, and III, respectively. 
In any given year price tends to vary from quarter to quarter as follows:
A. PI > PII > PIII > PIV B. PII > PIII > PIV > PI C. PIII > PI > PII > PIV D. PI > PIV > PIII > PII E. PIV > PIII > PII > PI
What is the output effect?
What will be an ideal response?