Public choice theory argues that one reason for rational voter ignorance is the indivisibility of public service
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose the majority of the shares of Ford stock were sold to a Japanese firm. Assuming all else remains constant, this will
A) increase the balance of the U.S. current account. B) increase foreign direct investment in the United States. C) decrease net portfolio investment in the United States. D) increase the balance of the U.S. financial account. E) create a capital outflow in the United States.
In the quantity theory of money:
a. the price level is a function of the supply of money. b. the supply of money is a function of the price level. c. the money supply and the price level are inversely related. d. the money supply is controlled by the government.
Ceteris paribus, if the Fed reduces the discount rate, then:
A. The incentive to borrow funds increases. B. Required reserves decrease. C. The money multiplier increases. D. Total reserves decrease.
Assume that Joe is willing to produce a hamburger for $1, and Mary is willing to pay $3 for a hamburger. Which of the following is true?
A. Joe and Mary cannot make a mutually beneficial exchange. B. Joe and Mary will only trade if the equilibrium price is less than $1. C. Joe and Mary can make a mutually beneficial exchange. D. Joe and Mary will not trade in equilibrium.