Refer to the table below, which shows the ranked preferences of voters for three alternative projects, with "1" being the top preference. In a paired-choice vote between a park and a jail:
A. A majority of the voters would favor the jail, 3-to-0
B. A majority of the voters would favor the park, 3-to-0
C. A majority of the voters would favor the jail, 2-to-1
D. A majority of the voters would favor the park, 2-to-1
C. A majority of the voters would favor the jail, 2-to-1
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Suppose Cathy and Lewis work in a bakery making pies and cakes. Suppose it takes Cathy 1.5 hours to make a pie and 1 hour to make a cake, and suppose it takes Lewis 2 hours to make a pie and 1.5 hours to make a cake. Which of the following statements is correct?
A. Cathy has a comparative and absolute advantage in pies. B. Cathy has a comparative advantage in pies, and Lewis has an absolute advantage in pies. C. Lewis has a comparative and absolute advantage in pies. D. Lewis has a comparative advantage in pies, and Cathy has an absolute advantage in pies.
Which of the following workers is most likely to be asked to post a bond?
A) construction contractor B) fast food worker C) sanitation worker D) book author
The money demand curve will shift when there is a change in the: a. unemployment rate
b. inflation rate. c. money supply. d. nominal interest rate. e. price level.
Which of the following would reduce the problem of the poverty trap while still providing financial help to those who need it and assisting them to phase into being self-supporting?
a. Government assistance increased by more than $1 for every $1 earned. b. Government assistance increased by less than $1 for every $1 earned. c. Government assistance reduced by more than $1 for every $1 earned. d. Government assistance reduced by less than $1 for every $1 earned.