When collective agreement on a policy is 100 percent of all voters, external costs are minimized
a. True b. False
a
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Which of the following statements is true about optimal two-part tariff and perfect price discrimination for a given demand curve?
A) The total revenue received under an optimal two-part tariff could be greater than, less than, or equal to that received under perfect price discrimination, depending on the fixed-fee portion of the two-part tariff. B) The total revenue received under the two pricing schedules is the same. C) The total revenue received under an optimal two-part tariff is less than that received under perfect price discrimination. D) The total revenue received under an optimal two-part tariff exceeds that received under perfect price discrimination.
Political advocacy:
A. and political engagement can suffer from the free-rider problem. B. is not affected by the free-rider problem, but political engagement is. C. can suffer from the free-rider problem, but political engagement does not. D. and political engagement are not affected by the free-rider problem.
Which of the following is most important if the living standards of people residing in a country are going to improve?
a. growth of population b. growth of per capita GDP c. growth of the money supply d. growth of government expenditures as a share of GDP
The Taylor Rule specifies that the federal funds rate target should be equal to
A) 0.5 ( inflation rate) + 1.5 (GDP gap) + 1 B) 1.5 (inflation rate) + 0.5 (GDP gap) + 1. C) interest rate - expected inflation rate. D) equilibrium federal funds rate + inflation rate +1