Establishing rules for voter registration is an example of a(n)

A. transfer payment.
B. public good.
C. economic function of government.
D. political function of government.

Answer: D

Economics

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Real GDP per person in the country of Flip is $10,000, and the growth rate is 10 percent a year. Real GDP per person in the country of Flap is $20,000 and the growth rate is 5 percent a year

When will real GDP per person be greater in Flip than in Flap? A) in 2 years B) in 15 years C) never D) in 10 years

Economics

Suppose that the price of cornflakes is $3 per box and the price of oatmeal is $4.50 per box. Both boxes contain the same number of ounces of cereal. The relative price of cornflakes in terms of oatmeal is

A) 0.67. B) 1.0. C) 0.75. D) 1.50.

Economics