In which one of the following situations is the political process most likely to result in both the acceptance of efficient (productive) programs and the rejection of inefficient (counterproductive) political activities?
a. The people who benefit from a government program pay the costs of the program roughly in proportion to the benefits that each receives.
b. The benefits are highly concentrated, and the costs are widespread among voters.
c. The costs are highly concentrated, and the benefits are widespread among voters.
d. The benefits accrue primarily in the future, while the costs are more visible during the current period.
A
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Other things constant, which of the following job characteristics would be most likely to result in a higher pay rate for the job?
a. The employer provides low cost child-care services on the premises. b. The job is widely viewed as prestigious. c. The job requires substantial amounts of stressful out-of-town travel. d. The job involves working in pleasant surroundings.
which of the following will most likely occur under a system of clearly defined and enforced private property rights
What will be an ideal response?
The winner of the Mega Millions lottery game can choose to accept a one-time payout of $163.68 million or receive $11 million per year for 20 years. Using the tables shown and assuming the interest rate is 3 percent, the state:Annuity Table(value now of $1 Per year To be received for x-years) Present Value Table(Value now to $1 to be received x-years un the future) Year3%4%6%Year3%4%6%108.538.117.36100.740.680.531511.9411.129.71150.640.560.422014.8813.5911.47200.550.460.313019.6017.2913.76300.410.310.17
A. prefers to pay over time because it will save money. B. probably does not care-it has set the lump sum equal to the present value of the payments over time. C. prefers to pay the lump sum because it saves about $100 million. D. probably does not know which is better because the two cannot be compared.