Congressman Flack votes for a program that will benefit the constituents of Congressman Walpole. The public choice model suggests that Flack's vote is best explained by which of the following?
A) logrolling B) the voting paradox C) party loyalty D) rational ignorance
A
Economics
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If firms pay what are called "efficiency wages," they pay wages that
A) motivate workers to increase their productivity. B) are lower than average to ensure maximum profit. C) will eventually lower the unemployment rate. D) are mandated by the government.
Economics
Evaluate the statement: All minimum wage workers will be better off if the minimum wage rises.
What will be an ideal response?
Economics