An elected official:
a. tend to favor policies that yield concentrated benefits and impose dispersed costs
b. tend to oppose policies that yield dispersed benefits and impose concentrated costs
c. improve his or her chances of re-election by being responsive to special-interest groups
d. all of the above
Answer: d. all of the above
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You have the option of consuming one cup of coffee or two donuts or three oranges. You picked the cup of coffee. Therefore the opportunity cost of this cup of coffee is
A) the price of the cup of coffee. B) the difference in the prices of these three products. C) the price of the donuts as they are usually consumed with coffee. D) either the donuts or the oranges, whichever you like more.
The composition of M2 as of December 2010 includes saving deposits at savings banks and credit unions
a. True b. False Indicate whether the statement is true or false