Public choice theory suggests that political candidates try to get elected by

When applying the marginal principle, you should pick the level at which the activity's marginal benefit equals its marginal cost

Indicate whether the statement is true or false

Even though it is not a perfect measure, economists can use real GDP to

i. compare how the value of the goods and services produced in China have changed over the past 10 years. ii. look at the length of recessions and expansions in the United States. iii. compare the standard of living in China versus the standard of living in Vietnam. A) ii only B) i, ii and iii C) i and iii D) i and ii E) ii and iii