Policies favored by the median voter:
a. will not necessarily be the most economically efficient policies
b. will likely be favored by candidates
c. both of the above
d. neither of the above
Answer: c. both of the above
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Reform of a country's trading system, including the reduction or elimination of trade barriers, is an example of
A) an orthodox stabilization plan. B) a heterodox stabilization plan. C) economic populism. D) import substitution industrialization. E) structural reform.
The federal agency established in 1934 to regulate telephones and broadcasting industries is the:
a. Interstate Commerce Commission (ICC). b. Federal Trade Commission (FTC). c. Securities and Exchange Commission (SEC). d. Equal Employment Opportunity Commission (EEOC). e. Federal Communications Commission (FCC).
What is considered the most relevant interest rate when conducting monetary policy?
A. Short-term nominal interest rate B. Long-term nominal interest rate C. Annual nominal interest rate
How is a production indifference map helpful?
What will be an ideal response?