Most voters will likely be concerned with
What will be an ideal response?
only a few special issues (those that exert the most impact on the voters' personal welfare).
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Present bias implies that:
A) a consumer gives much more weight to the future than to the present. B) a consumer gives much more weight to the present than to the future. C) discount weights for delayed consumptions will always equal one. D) discount weights for delayed consumptions will always be greater than one.
Which of the following refers to a shift in the demand curve?
A) "This new advertising campaign should really increase our demand." B) "Let's drop our price to increase our demand." C) "We dare not raise our price because our demand will drop." D) "If new sellers enter the market, the demand for the product is bound to increase."
Heteroskedasticity- and autocorrelation-consistent standard errors
A) result in the OLS estimator being BLUE. B) should be used when errors are autocorrelated. C) are calculated when using the Cochrane-Orcutt iterative procedure. D) have the same formula as the heteroskedasticity robust standard errors in cross-sections.
The introduction of the practice of securitization allowed:
A. banks to more safely assume subprime mortgage loans. B. the government to promote a sense of security in the banking industry. C. banks to more safely leverage their investments. D. borrowers to feel better about taking out subprime loans.