Candidate A says, "Health care is too expensive in the United States. We need to do something-and quickly-to develop a better, more responsive, less expensive health care system." Candidate B, who is running against candidate A in a two-person race, says, "Health care is too expensive in the United States. We need to do something about it and quickly. I suggest that we have the federal government
develop a centralized system for delivering health care in this country." If you know nothing else about the two candidates, it follows that
A) candidate A has taken polls and candidate B has not.
B) candidate B has taken polls and candidate A has not.
C) candidate B is smarter than candidate A.
D) candidate B has a higher probability of winning the election than candidate A.
E) candidate A has a higher probability of winning the election than candidate B.
E
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The opposite of the bandwagon effect is:
A. a network externality, positive or negative. B. a positive network externality. C. the substitution effect. D. the snob effect.
Flexible exchange rates exist when
A) no one knows what the true value of a currency is. B) governments and central banks spend foreign reserves to prop up an exchange rate at a certain level. C) exchange rates are determined by forces of supply and demand. D) speculators bet that a currency will soon be depreciated.