The median voter votes yes for a project if
A) the value of the project for him is larger than the tax he needs to pay.
B) the value of the project for him is smaller than the tax he needs to pay.
C) the total benefits are positive.
D) the total cost is zero.
A
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A French citizen lives in Detroit, but works in Windsor, Canada; his income is counted in U.S. GDP
Indicate whether the statement is true or false
The FOMC "Statement on Long-Run Goals and Monetary Policy Strategy"made it clear that the Federal Reserve would be pursuing ________, consistent with its dual mandate
A) a flexible form of inflation targeting B) a strict form of inflation targeting C) a zero inflation targeting D) an implicit inflation targeting
The long-run Phillips curve is a vertical line at the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false
Refer to the following figure. When price is $10 and quantity demanded is 2,000, what is the point elasticity of demand?
A. -1/3 B. -3 C. -5 D. -2/3 E. -1