Because Jess didn't have the time to understand the issue, she did not vote on the amendment about clean energy. Jess's behavior demonstrates the economic principle of ________

A) diminishing marginal utility
B) voting preferences
C) rational ignorance
D) minimum differentiation

C

Economics

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If a country that fixes its exchange rate has an undervalued exchange rate, then it will ________ reserves, unless it ________ its money supply to the appropriate level

A) gain; increases B) lose; increases C) lose; decreases D) gain; decreases

Economics

The Laffer curve is a curve showing

A) output as a function of the tax rate. B) tax revenue as a function of the tax rate. C) government expenses as a function of how liberal the government is. D) the tax rate as a function of government expenses.

Economics