If a citizen decides he has had enough of big government and launches a personal campaign to expose big spenders in Congress,
a. he is likely to have his taxes reduced dramatically
b. his taxes are not likely to fall very much
c. he will be thrown in jail
d. he is likely to get elected by other voters
e. he will get the support of many special-interest groups
B
You might also like to view...
The key reason that the bursting of the tech-stock bubble of the late 1990s had a mild impact on the macroeconomy is ________
A) rapid intervention by the central bank averted economic catastrophe B) the increase in tech-stock prices was driven by the economic fundamental of technological progress C) the technology sector is a rather small portion of the aggregate economy D) tech-stock prices had not been much influenced by credit availability
Which of the following illustrates adverse selection?
a. Individuals sometimes mistakenly buy defective cameras. b. Individuals will not search for bargains for low cost items. c. Individuals know a lot about their family health history when they buy insurance. d. Individuals can choose whether to drive safely or not.
What type of market has few sellers?
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
An increase in the reserve ratio would be an example of
A. contractionary monetary policy. B. expansionary monetary policy. C. expansionary fiscal policy. D. contractionary fiscal policy.