Public choice theory predicts candidates will
A) speak in specific instead of general terms.
B) modify their positions to become more like their opponent, if polls show they are not doing as well as their opponent.
C) call themselves right-wingers or left-wingers, not middle-of-the-roaders.
D) label their opponents as too middle-of-the-road.
E) all of the above
B
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Population growth is similar to depreciation, in that ________
A) each lowers the capital-labor ratio B) each tends to encourage saving C) capital wears out faster when used by more workers D) each helps to explain how economies can sustain a positive growth rate of output
If C = 900 + 0.3Y, then autonomous expenditure is:
(a) 900. (b) 300. (c) 1200. (d) None of the above.
The income elasticity of demand for store brands of soda (that is, non-name brands) is negative. What does this fact indicate about consumers' perceptions about the store brands?
What will be an ideal response?
Refer to the table below. What is the value of A plus B plus C plus D (A + B + C + D) or the present value of the first four payments?
The above table shows a 5 year payment plan. Each payment is made at the end of the year, so after one year, a payment of $1,000 is made, after two years another payment of $1,500 is made and so on. The interest rate is 3 percent.
A) $6,200.50
B) $6,225.32
C) $6,436.27
D) $6,589.23