The Condorcet voting paradox shows that outcomes based on dictatorial preferences do not always obey the property of transitivity
a. True
b. False
Indicate whether the statement is true or false
False
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If population growth occurs while jobs are difficult to obtain or labor force participation does not increase
A) there may be little or no increase in a nation's labor resources. B) per capita GDP is likely to increase sharply. C) economic growth will be robust because any population gain is a plus. D) a nation's labor resources will still continue to increase in both quality and quantity.
The risk premium on corporate bonds reflects the fact that corporate bonds have a higher default risk and are ________ U.S. Treasury bonds
A) less liquid than B) less speculative than C) tax-exempt unlike D) lower-yielding than
Why does the census data overstate inequality?
a. They overestimate the non cash transfers received by the people from the government. b. They take into account the after-tax incomes. c. They take into account the gifts and transfer receipts from friends and relatives staying abroad. d. They do not consider the in-kind transfers received by the people from the government. e. They overestimate the medical benefits received by the people from the government.
Unions contribute to
a. cyclical unemployment. b. frictional unemployment. c. seasonal unemployment. d. structural unemployment.